Robinhood added 6 million crypto users in last two months

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By John McCrank
NEW YORK (Reuters) - Online brokerage Robinhood on Thursday said 6 million new users signed up for its cryptocurrency services in the first two months of 2021 amid higher retail trading volumes and sharp rises in the prices of cryptocurrencies like Bitcoin and Dogecoin.
In 2020, Robinhood's crypto division averaged about 200,000 new customers trading on its platform per month, the company said in a blog post.
A Robinhood spokeswoman declined to say how many overall customers trade cryptocurrencies through the app, which also offers stock and options trading.
The price of Bitcoin, the world's biggest cryptocurrency, rose more than 300% in 2020 and this month hit a record high of $58,354 with a market capitalization above $1 trillion, but has since come off its highs.
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