HomeAltcoinDogecoin in Robinhood Custody Hits $2,800,000,000+ as Trading App Denies Formal Partnership...

Dogecoin in Robinhood Custody Hits $2,800,000,000+ as Trading App Denies Formal Partnership with Twitter


Retail giant Robinhood now holds more than $2.8 billion worth of Dogecoin (DOGE) for its customers, according to Dogecoin Whale Alert.

The DOGE transaction tracker reports that the treasury in Robinhood’s custody now represents 25.17% of the circulating supply of Dogecoin.

Dogecoin has been in the news in recent months as rumors of possible integrations circulated after the world’s most prominent DOGE supporter Elon Musk bought Twitter for $44 billion last October. Musk has spoken about his intention to bring fintech services to the popular platform.

DOGE skyrocketed earlier this month amid reports that Twitter is building software to add a payments feature for its social media users.

Although Robinhood has a prominent role in the DOGE ecosystem, the company’s CEO, Vlad Tenev, said this week on an earnings call that they have no plans at this time to partner with Musk’s Twitter.

“We’ve been talking to the folks at Twitter for a while and we heard what they were doing with the stock pages and the cryptocurrency pages on their platform and we were excited to create an investment experience that delivers value to their customers and does it. easier to link deep to the Robinhood app.

You’ll see us experimenting with more things like this over time. As of now, we do not have any plans to expand or form an official partnership with Twitter.”

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