Popular online broker Robinhood has said that women crypto traders are surging on its platform in an encouraging sign that crypto can help democratize finance for all.
Specifically, Robinhood Crypto has seen seven times growth in the number of women actively trading as compared to the end of 2020.
"While women remain underrepresented on Robinhood Crypto compared with our total active customer base, it is notable that 40 percent of Robinhood active women customers are crypto traders," said Robinhood in a blog post published Thursday.
Robinhood Crypto was launched in 2018, but the platform has recently seen rapid growth amid rising interest in bitcoin and other cryptocurrencies. Robinhood Crypto has added more than 6 million new customers since the beginning of 2021.
The platform currently allows users to trade seven coins: Bitcoin, bitcoin cash, bitcoin SV, dogecoin, ether, ether classic, and litecoin.
Headquartered in California, Robinhood is set to go public on Nasdaq in the coming months. The company has raised more than $5.5 billion to date, according to Crunchbase.