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Robinhood Revealed as Top ETH Holder

Robinhood as a leading holder of Ether ETH tickers down $1,712 and the owner of the fifth-largest ETH wallet, which contains about $2.54 billion.

by Isaac lane
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Crypto analytics platform Arkham Intelligence has unveiled Robinhood as the fifth-largest holder of Ethereum (ETH), with approximately $2.54 billion worth of ETH under custody for user balances. This disclosure comes after Arkham previously identified Robinhood as the third-largest holder of Bitcoin.

Diverse Holdings

Robinhood’s wallet not only holds ETH but also contains other cryptocurrencies, including 122,076 BTC ($3.3 billion), 34.1 trillion Shiba Inu ($277.8 million), 4.9 million Chainlink ($29.7 million), and 2.6 million Avalanche ($29.6 million).

Robinhood’s Crypto Expansion

Despite a decline in its crypto trading activity, Robinhood recently expanded its wallet product to include Bitcoin and Dogecoin custodial services, in addition to Ethereum swaps. This move responds to user demands for broader cryptocurrency support, enhancing the company’s presence in the crypto space.

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