Robinhood Crypto Hits $38B Milestone, Expands Globally with New Features and Offerings
December 12, 2024
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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CryptoSlate • Dec 12, 2024
Robinhood Crypto marks milestone year with $38 billion in assets and European expansion