Robinhood’s cold storage wallet is the world’s third largest Bitcoin wallet. It owns 0.69% total BTC.
Fintech public broker Robinhood Conor Grogan of Coinbase said: an X postArkham Intelligence cited data in this article.
Robinhood is the largest Bitcoin exchange in terms of market share.BTCThe total supply of Btcoins is now at $17.4 billion, putting it behind only Binance (17.4 billion) and Bitfinex (12.6 billion). Coinbase’s executive stated that Robinhood Btcoin held increased in value by 14% over the last six months, increasing the company’s share of the market.
Grogan pointed out also that Robinhood users have decreased their Ethereum holdings over the last six months (ETH), with the company’s reserves of ETH declining by 9% over the same period.
“Retail users are beginning to come back to crypto, just not to ETH so far.”
Conor Grogan
Bitcoin is up over 70% in price since 2024 began, and reached an all-time record high of $73,750 last March. Ethereum has had a modest rise in value, with an increase of just 58%, and is still unable to match its old high, which was $4,890.
Bitcoin gained in value during February. approval Spot Bitcoin Exchange-Traded Funds (ETFs) by the U.S. Securities and Exchange Commission, which was granted in late January. The largest crypto-currency by market cap is also about to go through its fourth halving In a matter of weeks, an event is often seen as the catalyst for positive future price movement.
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Source: crypto.news