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People’s interest in cryptocurrencies has grown sixfold in the first quarter of 2021
09.04.2021 [21:49],
Maxim Shevchenko

Online broker Robinhood reported on Thursday that 9.5 million users traded cryptocurrency on its platform during the first quarter of 2021. This is almost six times more than in the previous quarter. This rise in popularity of cryptocurrencies is probably due to their recognition by global companies such as Tesla, Visa, Square and MicroStrategy.

While central banks remain skeptical of cryptocurrencies, analysts argue that increased use of bitcoin in the real world will increase the currency’s attractiveness as a long-term store of value. Robinhood service currently allows customers to buy, sell and store cryptocurrencies. However, the company says it plans to provide users with the ability to deposit and withdraw cryptocurrency from their accounts for transfer to other wallets. Probably, such a move will allow the company to attract more customers.

Recall that recently the total value of the entire cryptocurrency crossed the $ 2 trillion mark. It is worth noting that on January 7, it only reached the $ 1 trillion mark. This is largely due to the rise in the price of bitcoin, which approached $ 60 thousand per unit.

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