TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Cryptocurrency

Robinhood has gained 6 million users this year

by souhaib
February 27, 2021
in Cryptocurrency
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on TwitterShare on Reddit
ADVERTISEMENT

Robinhood has gained 6 million users this year

Retail trading app Robinhood has recently reported an increase in the number of new users, as they line up for a share of the cryptocurrency gains.

You might also like

Process of Creating an NFT 

All you need to know about Forex signal providers – Traders Union article

XIAOMI’S BUSINESS MODEL JOINS THE METAVERSE

The company, in a blog post, stated that it has grown its user-base by 6 million this year. The report also states that the number of monthly customers in February buying from its crypto platform this year has increased by 15 times compared to the number the same time in 2020.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Last year, the number grew by 401,000 within a single month, as the firm averaged about 200,000 monthly customers.

Seven tradable assets offered on the platform

The company even had to stop trading for some stock as a result of overwhelming trading demand in January. It provides only seven tradable crypto assets, including Bitcoin, Ethereum, Litecoin, Ethereum Classic, Dogecoin, Bitcoin SV, as well as Bitcoin Cash.

However, it doesn’t have any trading size limits, but the average transaction size is still put at about $500. For the previous year, Robinhood only managed to achieve average trade of half the amount. This year, the average trade has grown bigger than the transaction size of $500, prompting Robinhood to place a trading stop on some stocks earlier this year.

The company also came under fire from investors and the SEC for its decision to limit the number of trades on some stocks.

Tip: looking for an app to invest wisely? Trade safely by signing-up with our preferred choice,
eToro:

visit & create account

Number of retail traders surge

Robinhood became attractive to traders because of the intuitive user interface of the platform. It also offers educational articles that teach investors about investments in cryptocurrencies. However, the educational articles are targeted at newbies that don’t have the technical knowledge about operating a more technical trading platform.

Another attractive feature of the platform is the offer of zero trading fees. However, it makes most of its money from spreads between makers and takers.

Now, more investors are looking to trade on the Robinhood platform than envisaged. It shows that retail investors are gradually competing heavily with their institutional counterparts after months of dominance by the latter.



Source link

Share30Tweet19Share
Previous Post

Manchester City 2-1 West Ham United: Pep Guardiola’s side claim 20th straight win

Next Post

Egypt .. The first official move after a broadcaster appeared in an unusual scene on state television

souhaib

Recommended For You

Process of Creating an NFT 

by souhaib
January 24, 2023
0

Introduction Non-Fungible Tokens, or NFTs, have become increasingly popular over the last year as a way to tokenize unique digital assets. In this article, we will discuss what...

Read more

All you need to know about Forex signal providers – Traders Union article

by souhaib
January 21, 2023
0

Are you looking for information on Forex signal providers? Look no further! In this Traders Union article, we'll provide you with all you need to know about the...

Read more

XIAOMI’S BUSINESS MODEL JOINS THE METAVERSE

by souhaib
January 19, 2023
0

When you hear about the Metaverse, people seem to be moving to a future where they can visualize themselves as robots or simply a society controlled by robotics...

Read more

BLOCKED INVESTORS FROM 2GETHER ARE ADDED TO BIT2ME

by souhaib
January 19, 2023
0

The renowned crypto companies and exchanges in the cryptocurrency market have been victims of a global economic and financial landscape that has not turned out to be anything...

Read more

BY 2030 THERE MAY BE 1 BILLION CRYPTO USERS

by souhaib
January 19, 2023
0

Cryptocurrencies and digital assets have become the investment option of many people worldwide, with whom they have come to obtain wealth through investments and revaluations of these digital...

Read more
Next Post

Egypt .. The first official move after a broadcaster appeared in an unusual scene on state television

No Result
View All Result

Recent Posts

  • The European wind energy association warns of the fall in investment in the EU By EFE
  • Jorginho’s impending Chelsea to Arsenal move disgusts NBA star Josh Hart
  • Julia Fox shows her small and “disappointing” apartment in New York
  • India, another democracy in decline
  • 37 Celebs Whose Names We Mispronounced For Decades Just before They Corrected Us

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide