Crypto data tracking platform Arkham Intelligence has identified Robinhood as one of the largest holders of ether.
"Our identification of Robinhood as the owner of the third-largest Bitcoin wallet was widely covered," Arkham
on social media."But most coverage missed that we've also identified them as the owner of the 5th largest ETH wallet, holding $2.54 billion of ETH.", Arkham clarified that the funds in the wallet are held in custody for user balances. Other cryptocurrencies held by a Robinhood-linked wallet include 122,076 BTC , 34.1 trillion Shiba Inu , 4.9 million LINK and 2.6 million AVAX , Arkham said.Robinhood, known for its stock trading platform, has faced depressed crypto trading activity. The company's second quarter cryptothat its wallet product is adding"custody, send, and receive support for Bitcoin and Dogecoin," in addition to enabling Ethereum swaps.
When Robinhood Wallet first became available in March, the self-custody wallet supported the Polygon and Ethereum networks and tokens including COMP, MATIC, SHIB, SOL, UNI and the USDC stablecoin. © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Robinhood and Jump Trading end crypto partnership: CoinDeskRetail broker Robinhood and Jump Trading ended a partnership related to cryptocurrency trading, reported CoinDesk.
Read more »
5th Biggest Mysterious Bitcoin Wallet Owner Is Somebody Totally Unexpected: ReportRecent report has revealed who may be mysterious owner of fifth largest BTC wallet
Read more »
Here's How Shibarium Bridge Works When Sending ETH: SourcePublic test of Shibarium Bridge successfully completed, Ethereum was moved to Shibarium and turned into WETH
Read more »
Robinhood and Jump Trading No Longer Have Crypto Partnership: SourceThe retail broker’s entry into crypto several years ago was powered by Jump Trading, which is a giant in traditional financial markets.
Read more »
Here's How to Take Advantage of OKX's Latest Airdrop CampaignUsers will be able to take advantage of the airdropped tokens by staking ETH.
Read more »
No Concerning Sign for Ethereum Amid ETH's Price Surge Beyond $1,700: DataEther's exchange balances has dropped to a multi-year low.
Read more »