Robinhood, a retail trading giant, has been identified as the third largest holder of Bitcoin by blockchain intelligence firm Arkham. Jump Trading Custody, a Chicago-based trading firm, has been providing crypto services to Robinhood since at least 2019. According to data from BitInfoCharts, the wallet began accumulating in mid-May and by late June, was the biggest Bitcoin whale in the world that hadn’t been identified as a crypto exchange. The Bitcoin address was recorded picking up BTC in varying amounts, with its first receipt in May being 0.25 BTC, and the most recent one being 6,600 BTC. At time of writing, the whale’s address contains 118,300 BTC worth $3,066,545,354.In response to the SEC’s crackdown on the digital asset industry earlier this week, Robinhood’s chief legal officer, Dan Gallagher, told members of Congress that the firm was delisting smart contract platforms Solana (SOL), Cardano (ADA), and Polygon (MATIC). Gallagher also said that Robinhood will be reviewing its crypto options moving forward.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	8
People	House Agriculture Committ, Robinhood, Dan Gallagher, Jump Trading
Companies	Robinhood, Jump Trading, SEC, Binance, Bitfinex
Currencies	ethereum, polyg, solana, cardano, bitcoin
Securities