{"id":189325,"date":"2021-02-26T05:26:49","date_gmt":"2021-02-26T02:26:49","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/6m-noobs-have-bought-coins-on-robinhood-crypto-already-in-2021\/"},"modified":"2021-02-26T05:26:49","modified_gmt":"2021-02-26T02:26:49","slug":"6m-noobs-have-bought-coins-on-robinhood-crypto-already-in-2021","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/6m-noobs-have-bought-coins-on-robinhood-crypto-already-in-2021\/","title":{"rendered":"# 6M noobs have bought coins on Robinhood Crypto already in 2021"},"content":{"rendered":"

“# 6M noobs have bought coins on Robinhood Crypto already in 2021 <\/strong>”
\n<\/p>\n

Retail-focused trading app<\/a> Robinhood has revealed the number of new monthly customers buying from its crypto platform this year is 15 times the 2020 average.<\/p>\n

According to the company\u2019s new report<\/a>, \u201cCrypto Goes Mainstream,\u201dmore than three million new users purchased from Robinhood Crypto in January, with more than 2.9 million new users having bought crypto during February so far. As such, Robinhood Crypto\u2019s user base has expanded by 6 million in 2021 so far.<\/p>\n

By contrast, the platform revealed the largest number of new users transacting on Robinhood Crypto last year was 401,000 in July \u2014 when trade activity surged in the lead-up to Bitcoin\u2019s third block reward halving.<\/p>\n

The average number of monthly new crypto traders on Robinhood was roughly 200,000 last year. The report also notes an average transaction size of roughly $500 on the platform, an 100% increase when compared to the first three quarters of 2020. The report concluded:<\/p>\n

\u201cThe numbers are clear: 2021 has started with a crypto bang.\u201d<\/p><\/blockquote>\n

Robinhood is looking to further expand its crypto services, revealing plans to offer deposits and withdrawals for crypto assets in a Tweet last week.<\/p>\n

This year has been an explosive one for Robinhood, with the platform finding itself at the center of controversy after suspending trade in both Dogecoin and stocks that were being pumped by the now infamous Reddit<\/a> group, r\/WallStreetBets, during January.<\/p>\n

Last week\u2019s congressional hearings on the incident saw representatives of the U.S. House Financial Services Committee scrutinize Robinhood\u2019s business model \u2014 with the platform\u2019s move to suspend trading in GME shares apparently prompted by the platform falling short of its collateral requirements by $3 billion amid the orchestrated pump.<\/p>\n

However, Robinhood CEO Vlad Tenev has blamed its collateralization issues with U.S. Securities and Exchange Commission regulations mandating a two-day settlement period after trades are executed.<\/p>\n