Robinhood is One of Largest ETH Holders
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The Arkham Intelligence team has discovered that Robinhood is among the top five largest holders of Ethereum (ETH), holding an altcoin valued at $2.54 billion.
Furthermore, Robinhood’s affiliated wallets hold 122,000 BTC, 34.1 trillion SHIB, and 4.9 million LINK.
Despite Robinhood’s significant investments in digital currency resulting in a total of over $3 billion, their processing revenue from digital currency transactions fell by 18% in the second quarter of 2023.
This caused their total revenue to decrease by 4% from $202 million to $193 million over the last 12 months.
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