The Robinhood broker has become the third largest bitcoin holder. More than 188,000 coins with a total value of more than 3 billion dollars are stored in the company’s portfolio, only the Binance and Bitfinex cryptocurrency exchanges have more.
The Robinhood broker’s wallet became the third largest bitcoin holder. In recent months, assets totaling more than $3 billion have been transferred to it, according to data from the Arkham Intelligence service.
In three months, Robinhood transferred $118.3 thousand bitcoins to this wallet from other wallets.
Thus, the broker ranks third in the list of the largest holders of bitcoins, behind the Binance and Bitfinex cryptocurrency exchanges with assets worth $6.4 billion and $4.3 billion, respectively.
According to Robinhood’s latest quarterly report, its cryptocurrency revenue fell 18% to $31 million.
Author:
Kirill Bilyk
Source: RB
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