Retail trading giant Robinhood currently holds more than $2.8 billion in Dogecoin (DOGE) for its customers, according to Dogecoin Whale Alert.
DOGE Transaction Tracker report Treasures under Robinhood control currently account for 25.17% of the circulating supply of Dogecoin.
Dogecoin has been in the news for the past few months, with rumors circulating about a possible merger after Elon Musk, the world’s most high-profile DOGE supporter, bought Twitter for $44 billion last October. Musk talks about his intention to bring fintech services to popular platforms.
DOGE surged earlier this month after reports that Twitter was developing software to add payment capabilities for social media users.
Robinhood plays an important role in the DOGE ecosystem, but the company’s CEO, Vlad Tenev, said: Said On its earnings call this week, there are no plans to partner with Musk’s Twitter at this time.
“We’ve been talking to people on Twitter for a while and hearing about what they’re doing on the platform’s stocks and crypto pages, which will facilitate deep linking to the Robinhood app.
You’ll find yourself experimenting with things like this more and more as time goes on. At this time, we have no plans to expand or form a formal partnership with Twitter. ”
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