Robinhood Crypto Hits $38B Milestone, Expands Globally with New Features and Offerings

December 12, 2024
Robinhood Crypto Hits $38B Milestone, Expands Globally with New Features and Offerings
  • In 2024, Robinhood Crypto celebrated a milestone year, concluding with an impressive $38 billion in crypto assets under custody and a staggering $119 billion in notional trading volume.

  • Johann Kerbrat, VP and General Manager of Robinhood Crypto, highlighted that 2024 was pivotal for both the company and the broader crypto industry, with transformative developments expected in 2025.

  • The company achieved nationwide coverage across all 50 US states, including territories like Hawaii and Puerto Rico, marking a significant expansion of its services.

  • Robinhood marked its first anniversary in Europe by launching localized app versions in Italy, Poland, and Lithuania, significantly expanding its crypto offerings.

  • The platform expanded its list of supported cryptocurrencies to 40, adding notable coins such as Solana (SOL), Cardano (ADA), and XRP.

  • A new staking feature for Solana and Ethereum (ETH) was introduced, with over two-thirds of SOL holdings in Europe actively staked.

  • The self-custody web3 wallet gained rapid adoption, achieving hundreds of thousands of downloads across iOS and Android in over 100 countries.

  • The wallet supports cross-chain and gasless token swaps, along with a revamped token discovery feature that enhances asset management.

  • To cater to advanced traders, Robinhood launched new advanced order types, including stop-loss and stop-limit features, across its mobile platforms.

  • Additionally, Robinhood introduced a Crypto Trading API, allowing users to access market data and execute trades programmatically.

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