Trading
With the economy taking a serious hit in March 2020, when it became clear that the coronavirus was here to stay, people shifted their attention and funds towards day-trading sites. Just this year, around 3 million people created new accounts on Robinhood, a stock trading and investing app, with more than 600000 people downloading the brokerage app on February 1st, 2021, alone.
Apart from Robinhood, people have also started using apps such as TD Ameritrade and Charles Schwab more than before, with users spending an average of 65 percent more than in 2019, when the monthly customer spending was around $770.
