User income on crypto websites, Robinhood, and traditional brokers in the U.S. 2021

Higher income groups visited Robinhood and cryptocurrency exchanges more frequently than users with a lower household income. Because of this increase in visits per user as income increases - especially among those above 125,000 U.S. dollars - the source believes Robinhood’s offering on zero commission trades could potentially be interesting for users with greater savings and who are exploring active investing. Indeed, the number of users of the commission-free trading app nearly doubled in 2021. The source does not elaborate on the crypto markets, although there are known stories of so-called "whales" - large investors who buy crypto in such high quantities it may offset the price of a particular coin. These whales tend to be companies that deliberately hold on to specific cryptocurrencies, such as Bitcoin.