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A cryptocurrency platform that has become one of the largest bitcoin holders has been named

10:17 am, August 29, 2023

According to blockchain observer Arkham, the investment trading platform Robinhood has 118,300 ETH, which is more than $ 3 billion at the current exchange rate.

Over the past few months, Robinhood has increased its bitcoin holdings, becoming one of the top 10 largest holders of the flagship cryptocurrency on the planet. Arkham’s information is confirmed by the analytics of the BitInfoCharts portal.

As it became known, starting from March 8, Robinhood’s assets were transferred from several wallets to a single bitcoin address bc1ql49ydapnjafl5t2cp9zqpjwe6pdgmxy98859v2, which belongs to the cryptocurrency trading company Jump Trading.

In the second quarter of this year, Robinhood’s revenue from digital asset transactions decreased by about 18%. Over 12 months, the company’s total revenue decreased by 4% to $ 193 million. In July, the broker announced its intention to stop operations with Solana (SOL), Cardano (ADA), and Polygon (MATIC) altcoins. The Robinhood administration made this decision under pressure from the Securities and Exchange Commission (SEC).

As for other major cryptocurrency holders, it turned out that the leader of the Wagner PMC could have owned one of the largest crypto wallets in the world. Against the backdrop of the plane crash, rumors began to circulate online that the recently murdered Russian terrorist and murderer Yevgeny Prigozhin was the owner of one of the largest crypto wallets. According to some reports, the dead occupier controlled about 100,000 BTC (approximately $ 2.6 billion).

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