Dogecoin Holding of Robinhood Exceeds $2,800,000,000+ While the Trading App Refuses to admit Formal Collaboration With Twitter
According to Dogecoin Whale Alert, retail trading firm Robinhood currently holds more than $2.8 billion worth of Dogecoin (DOGE) for its users.
The DOGE-transaction tracker indicates that Robinhood currently has 25.17 percent of the Dogecoin quantity in circulation.
In the last several months, Dogecoin has been in the headlines due to reports of future mergers after the world’s most prominent DOGE enthusiast, Elon Musk, acquired Twitter for $44 billion last October. Musk has expressed his ambition to include finance services via the popular platform.
DOGE surged earlier this month on rumours that Twitter is developing software to offer payments features for its social network users.
Though Robinhood plays a key role in the DOGE ecosystem, the company’s CEO said on this week’s earnings call that there are currently no intentions to work with Musk’s Twitter.
“We’ve been speaking with the Twitter team for a while now, and after hearing about what they’re doing with the stock pages and crypto pages on their platform, we were eager to create an investing experience that provides value to their customers and makes it easier to deep-link to the Robinhood app.
We will continue to experiment with similar methods in the future. We have no intentions to extend or create a formal collaboration with Twitter at this time.”
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.