As per the most recent analysis performed, Robinhood has attained the third place amongst the Bitcoin holders globally. That is in relation to Bitcoin custodianship. The well-known inventory and cryptocurrency buying and selling web site boasts of getting a pockets with over $3 billion value of BTC. There’s solely Binance and Bitfinex, that are forward of it. 

Speculations appear to be operating rampant as to who’s chargeable for the big Bitcoin pockets. The favored perception is that the possible homeowners may very well be big-time monetary establishments, akin to BlackRock, or, for that matter, some prime exchanges like Gemini. The overall opinion stems from the truth that within the latest previous, BlackRock was instrumental within the itemizing of an ETF for Bitcoin. Lastly, the cat appears to be out of the bag. 

Presently, Binance is main the pack with a pockets having greater than 249,000 BTC value greater than $6.5 billion. Proper behind is Bitfinex trade, with a pockets containing 178,000 BTC value $4.7 billion. Putting itself within the third place is Robinhood, with a pockets of over 118,000 BTC value somewhat above $3 billion. 

Contemplating the latest obstacles Robinhood got here up towards within the type of consumer acquisition and buying and selling quantity, its progress is unprecedented. As per dependable data, the amount close to cryptocurrency buying and selling dropped 38% to $3.4 billion in July, as in comparison with the earlier 12 months. Nonetheless, the corporate’s present place speaks volumes about its inclination in the direction of cryptocurrencies taking part in the position of a usable asset customary. 

As per an investigation carried out by Arkham Intelligence, it took just a few months for Robinhood to realize its current place with the acquiring of 118,300 BTC via varied transfers, which had been carried out from a number of smaller gamers. It’s Soar Buying and selling, a well-liked cryptocurrency buying and selling firm, which is chargeable for controlling the BTC holdings, in addition to sustaining the place of custodian. BitlnfoCharts’ information endorses this truth.