In 2021, the number of cryptocurrency transactions in Q1 will reach 9.5 million, an increase of nearly 6 times on a month on month basis From Robinhood.

The following is the In 2021, the number of cryptocurrency transactions in Q1 will reach 9.5 million, an increase of nearly 6 times on a month on month basis From Robinhood. recommended by And this article belongs to the classification: Blockchain, Bitcoin.

According to reports, Robinhood, an AOL brokerage, said on Thursday that in the first quarter of 2021, 9.5 million users traded cryptocurrency on its platform, up nearly six times from the previous quarter.

As the world’s largest cryptocurrency, bitcoin’s price nearly doubled this year. This is mainly due to the large financial institutions’ expectation that bitcoin will be accepted in a wider range, and investors’ attempt to hedge inflation with bitcoin, which has promoted the market interest in bitcoin. At the same time, bitcoin is on the list of assets held by companies such as Tesla, square and MicroStrategy.

Although central banks around the world are still skeptical about cryptocurrency, analysts believe that bitcoin will be more attractive as a long-term hedging tool with more applications in the real world.

At present, Robinhood’s platform supports users to buy, sell and hold cryptocurrency. The company has previously said it plans to support users to access bitcoin through other wallets.

In January this year, Robin Hood temporarily banned users from buying encryption assets in real time due to the market turmoil caused by the stock trading frenzy of Gamestop, a video game retailer, which caused dissatisfaction among some users.

Last month, Robin Hood submitted IPO documents to US regulators in a private way.

Read more: the block research: February 2021 cryptocurrency trading volume exceeded US $1 trillion, a new record Research: cryptocurrency is on the verge of collapse Vries: it is estimated that the global cryptocurrency mining power will exceed solar power generation in 2019. 21.2% of American college students use financial aid funds to invest in cryptocurrency. In January 2018, the market value of bitcoin evaporated by US $44 billion. Coinmarketcap: the total market value of cryptocurrency exceeded US $500 billion for the first time. Coinmarketcap: in November 2017, the total scale of global cryptocurrency exceeded US $300 billion One cryptocurrency investor knows little about cryptocurrency itself: 90% year-on-year increase in cryptocurrency fraud in 2020

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