Robinhood, a US-based investing and trading platform giant, has been identified as the owner of the fifth largest Ethereum (ETH) wallet address. Data from Arkham Intelligence shows that the company’s cold wallet address holds 1,493,000 ETH worth $2.54 billion. This makes Robinhood the fifth largest holder of the token behind major crypto exchanges Kraken and Binance, with $2.73 billion and $3.40 billion worth of ETH, respectively. The Ethereum 2.0 Beacon deposit contract is the single largest holder at over 29 million ETH valued at $49.8 billion. The Robinhood wallet address also holds other tokens such as SHIB, LINK, AVAX, BONE, AAVE, COMP, and UNI, bringing the value of its total holdings to over $2.73 billion.Robinhood was previously identified as the owner of the third largest Bitcoin wallet address, valued at more than $3 billion.Robinhood users can now custody, transfer, and receive Bitcoin and Dogecoin via the Robinhood wallet app. The company also added an Ethereum swap feature, which is currently available to select users but will be open to everyone in the “coming weeks.” The wallet app is currently available to iOS users, with Android support coming later in the year.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	10
People	None
Companies	Kraken, Binance, Robinhood, Arkham Intelligence, Bitfinex
Currencies	Ethereum, Shiba Inu, Dogecoin, Avalanche, Bitcoin, Bone ShibaSwap, Aave, Uniswap, Chainlink, Compound
Securities	None