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Robinhood Reports 7x Increase In Firm’s Female Crypto Trading Customers

March 12, 2021
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Robinhood Reports 7x Increase In Firm's Female Crypto Trading Customers

Female cryptocurrency traders in online brokerage Robinhood grew seven-fold since the end of 2020, the firm said in a statement.

  • Robinhood said women remain “underrepresented” in its total active customer base, but 40% of active women customers are crypto traders.
  • Men account for the majority of the active traders, but the playing field is leveling.
  • “These figures are encouraging and prove that crypto can be a powerful tool in decentralizing power in finance,” said Robinhood.
  • Robinhood Crypto last month reported 6 million new customers in 2021, with the average transaction size at $500.
  • The broker currently offers seven tradeable coins — Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin.
  • Bitcoin hit an all-time high of $58,300 this year, prompting an influx of traders joining the frenzy.
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