(Reuters) -Online brokerage Robinhood said on Thursday that 9.5 million users traded cryptocurrency on its platform during the first quarter of 2021, a near six-fold rise from the previous quarter.
Bitcoin, the world's most-traded cryptocurrency, has nearly doubled in value so far this year, boosted by an increased interest from larger financial firms betting on its greater acceptance, and as a hedge against inflation. Bitcoin has also made its way into the corporate treasuries of Tesla Inc, Square and MicroStrategy Inc.