Robinhood Holds More Than 10 Billion XRP in Tagged Exchange Wallets, Data Shows

The data says 13.26 billion XRP is held in tagged exchange accounts across 41 platforms and more than 260 wallets, with Robinhood representing the largest share.

XRP

Summary

Data cited in the source indicates that 13.26 billion XRP is stored in tagged exchange accounts across 41 platforms and more than 260 wallets. Robinhood is identified as the largest holder among those tagged exchange balances, accounting for more than 10 billion XRP. The source adds that tagged XRP makes up about 21% of the 61.6 billion XRP referenced in the dataset, highlighting the concentration of exchange-linked XRP holdings in a relatively small set of identified wallets.

Terms & Concepts
  • XRP: A digital asset associated with the XRP Ledger, a blockchain network designed for payments and value transfer.
  • Tagged exchange accounts: Wallets identified as belonging to cryptocurrency exchanges or trading platforms through public labels or tracking datasets.
  • Wallet: A blockchain address or storage tool used to hold, send, and receive digital assets.