Robinhood is among the largest holders of bitcoin (BTC). It has invested more than $3 billion dollars in the digital currency.
The Arkham Intelligence team found out that Robinhood is also listed as one of the largest etherium holders. The broker holds $2.54 billion worth of the altcoin.
The researchers emphasized that Robinhood is among the top five largest holders of ETH. Funds are placed on the addresses of users of the platform.
In addition, there are 122,000 BTC, 34.1 trillion SHIBs and 4.9 million LINKs placed in wallets affiliated with Robinhood.
For the second quarter of 2023, Robinhood’s platform revenue from processing digital currency transactions decreased by approximately 18%.
For the 12 months, the brokerage’s total revenue fell 4% from $202 million to $193 million.