Popular online broker Robinhood has said that women crypto traders are surging on its platform in an encouraging sign that crypto can help democratize finance for all. Specifically, Robinhood Crypto has seen seven times growth in the number of women actively trading as compared to the end of 2020. The leading cryptocurrency bitcoin has witnessed a massive winning rally this year and has helped the crypto industry gain mainstream exposure.
“40 percent of Robinhood active women customers are crypto traders.”
“While women remain underrepresented on Robinhood Crypto compared with our total active customer base, it is notable that 40 percent of Robinhood active women customers are crypto traders,” said Robinhood in a blog post published Thursday. Robinhood Crypto was launched in 2018, but the platform has recently seen rapid growth amid rising interest in bitcoin and other cryptocurrencies. The crypto trading app has added more than 6 million new customers since the beginning of this year amid the ongoing unprecedented crypto frenzy.
Bitcoin continues to trade above $56,000.
The leading cryptocurrency in market capitalization, bitcoin, has witnessed unprecedented growth over the past few months as the price neared $58,000 for the first time in its history. At the time of writing, BTC is changing hands at just above the $56,800 mark. The recent push in the price of bitcoin is mostly attributed to the increased interest in cryptocurrency from big institutions. As reported earlier, the world’s leading electric car maker Tesla purchased $1.5 billion worth of bitcoin in mid-January and also announced its plans to accept bitcoin as a payment method in the future. Meitu, a Chinese company that makes a photo editing app, has purchased bitcoin and Ether worth $40 million, was the latest firm to buy cryptocurrencies.