Robinhood, a United States-based portal allowing users to trade multiple instruments, including crypto without commission, is the fifth largest holder of Ethereum (ETH). According to Arkham Intelligence, an on-chain analytics platform, Robinhood controls 1.72 million ETH, worth $2.93 billion at current prices as of August 30. It is unclear whether Robinhood directly owns these coins or if it custody them on behalf of clients. The trading and investing platform holds over $6.6 billion of crypto assets, of which over half comprise Bitcoin and Ethereum. Robinhood also holds other coins, including Shiba Inu (SHIB), worth $227 million; Chainlink (LINK), valued at $30 million; and Avalanche (AVAX), worth $29 million. In total, the platform holds over 30 digital assets, including stablecoins. Notably, Robinhood is light on USDT, only controlling $1,720 of USDT but over $5.1 million of its primary competitor, USDC.Beyond exchanges, the single largest wallet controlling ETH is the official deposit contract on the Beacon Chain, which holds 6% of all coins in circulation. Different validators, tasked with approving transactions on the proof-of-stake Ethereum blockchain, have locked over 29.1 million ETH worth over $49 billion.

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Information	Details
Geography	North America
Countries	🇺🇸 🇯🇵
Sentiment	neutral
Relevance Score	8
People	None
Companies	Shiba Inu, Kraken, Avalanche, USDT, Binance, Bitcoin, Robinhood, Arkham Intelligence, TradingView, Beacon Chain, Patrick Sison/AP, Chainlink, USDC
Currencies	Ethereum, Shiba Inu, Bitcoin, USD Coin, Chainlink
Securities	None