Robinhood Crypto celebrated a pivotal year in 2024, marked by vital milestones, together with the launch of latest options, geographic expansions, and the enhancement of its crypto choices.
According to a current announcement, the corporate ended the year with $38 billion in crypto assets below custody and $119 billion in notional crypto buying and selling quantity over the past twelve months as curiosity in Bitcoin (BTC) reached unprecedented ranges.
Expanding attain
Robinhood achieved full protection throughout all 50 US states and territories, together with Hawaii, Puerto Rico, and the US Virgin Islands. In addition, the platform expanded its listing of supported cryptocurrencies to twenty, including Solana (SOL), Cardano (ADA), XRP, and a number of others.
To cater to superior merchants, Robinhood launched a Crypto Trading API, enabling customers to entry market knowledge, handle portfolios, and execute trades programmatically. Advanced order sorts, corresponding to stop-loss and stop-limit, have been additionally launched throughout its cell platforms.
Robinhood Crypto marked its first anniversary in Europe with localized app launches in Italy, Poland, and Lithuania. The platform expanded its crypto choices in the area, reaching a complete of 40 supported cash. A staking function for Solana and Ethereum (ETH) debuted in the second quarter, with over two-thirds of SOL holdings in Europe actively staked.
Robinhood’s self-custody web3 pockets additionally skilled fast adoption, with a whole lot of 1000’s of downloads throughout iOS and Android in over 100 nations. The pockets launched cross-chain and gasless token swaps, supporting networks like Solana and Ethereum, amongst others. Other enhancements included a revamped token discovery function geared toward bettering customers’ asset administration.
Johann Kerbrat, VP and General Manager of Robinhood Crypto, highlighted 2024 as a defining year for the corporate and the broader crypto trade.
Kerbrat stated:
“2024 marked a significant year for the cryptocurrency landscape, and recent developments suggest that 2025 is poised to be an even more transformative year.”
He additionally hinted at plans for continued worldwide progress and entry into institutional markets.
