Robinhood holds about $25B in crypto across 12 chains, Arkham data shows

Robinhood's crypto wallets hold about $25 billion in digital assets spread across 12 blockchains, according to on-chain data from Arkham Intelligence.

That puts the retail brokerage in rarefied company. Arkham ranks it 10th among all entities it tracks by visible on-chain balances.

Arkham's attribution covers approximately 1.7 million addresses linked to Robinhood. One snapshot of the combined balance came in at approximately $24.78 billion.

Bitcoin is the anchor. Robinhood's wallets hold roughly 185,185 BTC, valued at approximately $15.46 billion.

Ether comes second, with about 1.576 million ETH worth approximately $4.23 billion.

Dogecoin holds third place, with roughly 30.434 billion DOGE worth approximately $2.86 billion.

One important caveat: these are largely aggregated customer custody wallets. This is not Robinhood's corporate treasury.

Institutional custodians tend to hold portfolios that look like a sensible index fund. Lots of Bitcoin, a healthy slice of Ether, and not much else.

The Dogecoin allocation signals that its users lean much harder into meme assets than the clients of more institution-focused custodians.

Assets like that can move sharply on community enthusiasm alone. That means the dollar value of Robinhood's holdings can swing considerably even when nobody deposits or withdraws a single coin.