Robinhood claims over 60% of transactions in Q2 were in crypto
Yesterday, Robinhood published a report for the second quarter of 2021. According to the data obtained, customers have demonstrated a significant interest in cryptocurrencies: more than 60% of accounts performed transactions with cryptographic assets.
The report also says that the customers engaged with crypto at “record levels” and “demonstrated significant interest in cryptocurrencies”. Revenue from transactions with digital assets in the second quarter of 2021 increased to $233 million (£170 million) compared to $5 million (£3,6 million) in the same period last year. In addition, from April to June, most of the new customers made their first transaction with cryptocurrency. Total net revenue increased by 131% to $565 million (£411 million) compared to $244 million (£177 million) in the second quarter of 2020.
Women invest in crypto more
Vlad Tenev, CEO and co-founder of Robinhood, added that the number of women has increased among investors. He also commented on the company’s goals. “So we’ll look to continue delivering great value improving our existing products and services, and expanding our existing businesses to really become the most trusted and most culturally relevant money app worldwide,” Tenev said.
Last month, the Robinhood app debuted on the NASDAQ exchange, valuing its shares at $38 apiece.
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