Arkham Intelligence reveals Robinhood as a major Ether holder, with the wallet also containing Bitcoin, Shiba Inu, LINK and Avalanche cryptocurrencies.
) . Despite its prominence in stock trading, Robinhood’s cryptocurrency trading activity has declined, with second-quarter crypto revenue dropping to $31 million from the first quarter’s $38 million.
the expansion of its wallet product, incorporating"custodial, sending, and receiving capabilities for Bitcoin and Dogecoin," alongside the existing feature of facilitating Ethereum swaps. This enhancement is a direct response to user demands for broader support, as stated by the company.Upon its initial launch in March, the Robinhood Wallet introduced self-custody services, catering to the Polygon and Ethereum networks.
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