{"id":145063,"date":"2023-09-01T15:00:10","date_gmt":"2023-09-01T09:30:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=145063"},"modified":"2023-09-01T15:00:10","modified_gmt":"2023-09-01T09:30:10","slug":"arkham-ids-robinhood-as-5th-largest-eth-holder-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/arkham-ids-robinhood-as-5th-largest-eth-holder-crypto-news\/","title":{"rendered":"Arkham IDs Robinhood as 5th-largest ETH holder – Crypto News"},"content":{"rendered":"
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Arkham Intelligence, a platform for monitoring cryptocurrency data, has revealed that apart from owning one of the biggest Bitcoin wallets, Robinhood is also a leading holder of ether, and is the owner of the fifth-largest ETH wallet, which contains about $2.54 billon worth of ETH.<\/p>\n

Arkham Intelligence stated<\/a> on social media that their recognition of Robinhood possessing the third-largest Bitcoin wallet <\/a>garnered significant attention. However, they said, less attention has been paid to their identification of Robinhood as the holder of the fifth-largest ETH<\/a> wallet. In a separate update<\/a>, Arkham emphasized that these funds are under custody for user balances.<\/p>\n

The current largest Bitcoin wallets in the world, according<\/a> to BitInfoCharts, are reportedly owned by Binance and Bitfinex \u2014 as Bitcoin cold wallets.<\/p>\n

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Our identification of Robinhood as the owner of the third-largest Bitcoin wallet was widely covered.<\/p>\n

But most coverage missed that we\u2019ve also identified them as the owner of the 5th largest ETH wallet, holding $2.54B of ETH.<\/p>\n

0x40B38765696e3d5d8d9d834D8AaD4bB6e418E489 pic.twitter.com\/Sczj11uLlA<\/a><\/p>\n

\u2014 Arkham (@ArkhamIntel) August 30, 2023<\/a><\/p><\/blockquote>\n

According to Arkham Intelligence, a wallet associated with Robinhood holds various other cryptocurrencies, such as 122,076 BTC ($3.3 billion)<\/a>, 34.1 trillion Shiba Inu (SHIB<\/a>) ($277.8 million), 4.9 million LINK<\/a> ($29.7 million) and 2.6 million AVAX<\/a> ($29.6 million). Despite its prominence in stock trading, Robinhood’s cryptocurrency trading activity has seen a decline, with second-quarter crypto revenue dropping to $31 million from the initial quarter’s $38 million.<\/p>\n

On Wednesday, Aug. 30, the company announced<\/a> the expansion of its wallet product, incorporating “custodial, sending, and receiving capabilities for Bitcoin and Dogecoin,” alongside the existing feature of facilitating Ethereum swaps. This enhancement is a direct response to user demands for broader support, as stated by the company.<\/p>\n

Related: <\/em><\/strong>Robinhood accumulates $3B of Bitcoin in 3 months \u2014 What does this mean for markets?<\/em><\/strong><\/a><\/p>\n

Upon its initial launch in March, the Robinhood Wallet introduced self-custody services, catering to the Polygon and Ethereum networks. It also encompassed various tokens like COMP, MATIC, SHIB, SOL, UNI, along with the USDC stablecoin.<\/p>\n

Magazine: <\/em><\/strong>Did the NSA create Bitcoin?<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Arkham Intelligence, a platform for monitoring cryptocurrency data, has revealed that apart from owning one of the biggest Bitcoin wallets, Robinhood is also a leading holder of ether, and is the owner of the fifth-largest ETH wallet, which contains about $2.54 billon worth of ETH. Arkham Intelligence stated on social media that their recognition of […]<\/p>\n","protected":false},"author":2,"featured_media":145064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-145063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/145063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=145063"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/145063\/revisions"}],"predecessor-version":[{"id":145792,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/145063\/revisions\/145792"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/145064"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=145063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=145063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=145063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}