Arkham IDs Robinhood as Fifth-largest ETH holder

Crypto analytics platform Arkham Intelligence has revealed monetary providers firm and crypto buying and selling platform Robinhood (NASDAQ:) as a number one holder of Ether (ETH) and the proprietor of the fifth-largest ETH pockets, which comprises about $2.54 billion of the cryptocurrency.

Arkham acknowledged on X (previously Twitter) that its recognition of Robinhood possessing the third-largest pockets garnered important consideration. Nonetheless, it stated much less consideration has been paid to its identification of Robinhood because the holder of the fifth-largest ETH pockets. In a separate replace, Arkham emphasised that these funds are person balances beneath custody.

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