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Robinhood Says 9.5M Customers Traded Crypto in Q1, Up From 1.7M in Q4
The company also said its crypto team has more than tripled in number this year, with more to come.
Online brokerage app Robinhood said on Thursday that 9.5 million customers traded cryptocurrencies in Q1, up from 1.7 million in Q4.
STORY CONTINUES BELOW
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- In a blog post titled "How Crypto Fits Into Robinhood's Mission," the company also said its crypto team has more than tripled in number this year and continues to increase.
- Robinhood Crypto offers seven tradable coins: bitcoin (BTC), bitcoin cash (BCH), bitcoin sv (BSV), dogecoin (DOGE), ethereum (ETH), ethereum classic (ETC) and litecoin (LTC).
- The millennial-friendly investment platform has reportedly confidentially filed for an initial public offering that would include a listing on the Nasdaq.
Kevin Reynolds
Kevin Reynolds was the editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
