Robinhood plans to publicly release the public keys of its bitcoin holdings through the Coinbase escrow service to enhance transparency

Robinhood plans to make the public keys of its bitcoin holdings publicly available through the Coinbase escrow service to enhance transparency. The move is designed to respond to customers' concerns about asset security and follow crypto industry best practices. Robinhood currently holds about $4 billion in bitcoin, accounting for 60% of its total assets under custody. The company also revealed that its crypto business contributed 20% of Quarter 1's total revenue, amounting to $126 million. In addition, Robinhood is in talks with UK regulators to include bitcoin and ethereum on its UK platform.