Robinhood holds $25B in crypto across 12 chains, says Arkham
by@arkham
Summary
Robinhood has retained approximately $25 billion in cryptocurrency on-chain, with $24.96 billion identified across its wallets on 12 different blockchain platforms, including Bitcoin and Robinhood Chain. Of this total, $15.59 billion consists of Bitcoin (185,185 BTC) and $2.88 billion is in Dogecoin. This significant holding reflects broader trends in the financial sector, where platforms like Robinhood are increasingly utilizing on-chain solutions to enhance transparency and provide users with direct control and visibility over their assets.
Tokens
$BTC$DOGE
Analysis
Arkham: Arkham is a blockchain analytics and intelligence platform that tracks cryptocurrency transactions and assigns labels to wallet addresses for greater visibility. It has identified and categorized Robinhood's wallets across twelve chains, revealing details of the platform's crypto asset distribution. This work contributes to on-chain transparency for major market participants. Robinhood: Robinhood is a financial services platform offering commission-free trading in stocks, options, ETFs, and cryptocurrencies to retail users. It operates its own blockchain known as Robinhood Chain and maintains cryptocurrency assets across multiple networks. The recent labeling of its wallets underscores its approach to on-chain custody for digital asset holdings. Transparency: Blockchain analytics platforms provide detailed insights into how trading firms manage and secure cryptocurrency holdings on public networks. Custody Trends: Financial platforms are expanding use of on-chain solutions to support direct asset control and visibility for users and stakeholders.
Categories
cryptoon_chain_whalebase