Robinhood says women crypto traders are growing on its platform

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.


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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.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.