Roughly 9.5 million people traded cryptocurrency on the Robinhood app in the first quarter of 2021, the company announced in a new blog post on Thursday. The number is significantly higher than the last quarter of 2020, when just 1.7 million people traded cryptocurrencies on Robinhood, according to the company.
PayPal will allow users to pay in cryptocurrencies like bitcoin and ether at millions of merchants in the U.S. starting today, according to an announcement from the company on Tuesday.
Elon Musk, the CEO of Tesla, announced in a tweet on Wednesday that the electric car company will now accept payments in the form of the cryptocurrency bitcoin. Bitcoin’s price surged roughly 3% in the hour after the tweet.