HomeCoinsEthereumThe Fifth Largest Ethereum Pockets Belongs to Robinhood: Right here Are the...

The Fifth Largest Ethereum Pockets Belongs to Robinhood: Right here Are the Different Altcoins Inside

It was revealed that Robinhood is the proprietor of the world’s fifth largest Ethereum pockets.

Based on a report by Arkham Intelligence, a cryptocurrency evaluation firm, Robinhood owns 1.72 million ETH, price roughly $2.92 billion on the time of writing.

Arkham Intelligence is similar firm that recognized Robinhood because the proprietor of the world’s third-largest Bitcoin pockets, holding 122,224 BTC price roughly $3.32 billion.

The report additionally famous that Robinhood’s pockets holds SHIB ($276.82 million), LINK ($29.98 million), AVAX ($29.66 million), COMP ($19 million), UNI ($8.16 million), AAVE ($6.16 million), and USDC ($6.16 million). He revealed that he additionally holds different cryptocurrencies comparable to $5.14 million). The entire worth of those cash is roughly 374 million {dollars}.

For the reason that SEC requires crypto balances on Robinhood to be backed 1:1, they include funds that Robinhood holds in custody for person balances.

*This isn’t funding recommendation.

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