Robinhood has over $3 billion in bitcoin in a single wallet, a Coindesk report said.
Citing data from Arkham Intelligence, the report said Robinhood is the third-largest bitcoin holder, behind Binance and Bitfinex.
The trading platform's bitcoin stash is held in a single wallet.
Robinhood sits just behind Binance and Bitfinex, which have $6.4 billion and $4.3 billion stored on single wallets, respectively, according to the report.
Over a three-month period, per CoinDesk, Robinhood transferred around 118,000 bitcoins to the primary wallet from other smaller wallets.
Persons:
Robinhood, CoinDesk, Bitcoin, bitcoin, Joe Kelly
Organizations:
Arkham Intelligence, Service, Securities and Exchange Commission, SEC
Locations:
bitcoin, Wall, Silicon