Retail buying and selling big Robinhood now holds greater than $2.8 billion value of Dogecoin (DOGE) for its clients, in keeping with Dogecoin Whale Alert.
The DOGE-transaction tracker reports that the trove in Robinhood’s custody now represents 25.17% of Dogecoin’s circulating provide.
Dogecoin has been within the information prior to now few months as rumors about doable integrations circulated after the world’s most high-profile DOGE supporter, Elon Musk, bought Twitter for $44 billion final October. Musk has talked about his intention to deliver fintech companies to the favored platform.
DOGE soared earlier this month amid reports that Twitter is constructing software program so as to add a funds perform for its social media customers.
Although Robinhood has a distinguished function within the DOGE ecosystem, the corporate’s CEO, Vlad Tenev, said this week in an earnings name they don’t have any plans for the time being to companion with Musk’s Twitter.
“We’ve been chatting with the parents over at Twitter for some time and heard about what they have been doing with the inventory pages and crypto pages on their platform and we received excited to create an investing expertise that offers worth to their clients and makes it simpler to deep-link to the Robinhood app.
You’ll see us experimenting with extra issues like this over time. As of now, we don’t have any plans to increase or type an official partnership with Twitter.”
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