Robinhood Crypto marks milestone year with $38 billion in assets and European expansion
Robinhood Crypto celebrated a pivotal year in 2024, marked by significant milestones, including the launch of new features, geographic expansions, and the enhancement of its crypto offerings.
According to a recent announcement, the company ended the year with $38 billion in crypto assets under custody and $119 billion in notional crypto trading volume over the last twelve months as interest in Bitcoin (BTC) reached unprecedented levels.
Expanding reach
Robinhood achieved full coverage across all 50 US states and territories, including Hawaii, Puerto Rico, and the US Virgin Islands. In addition, the platform expanded its list of supported cryptocurrencies to 20, adding Solana (SOL), Cardano (ADA), XRP, and several others.
To cater to advanced traders, Robinhood launched a Crypto Trading API, enabling users to access market data, manage portfolios, and execute trades programmatically. Advanced order types, such as stop-loss and stop-limit, were also introduced across its mobile platforms.
Robinhood Crypto marked its first anniversary in Europe with localized app launches in Italy, Poland, and Lithuania. The platform expanded its crypto offerings in the region, reaching a total of 40 supported coins. A staking feature for Solana and Ethereum (ETH) debuted in the second quarter, with over two-thirds of SOL holdings in Europe actively staked.
Robinhoods self-custody web3 wallet also experienced rapid adoption, with hundreds of thousands of downloads across iOS and Android in over 100 countries. The wallet introduced cross-chain and gasless token swaps, supporting networks like Solana and Ethereum, among others. Other enhancements included a revamped token discovery feature aimed at improving users asset management.
Johann Kerbrat, VP and General Manager of Robinhood Crypto, highlighted 2024 as a defining year for the company and the broader crypto industry.
Kerbrat said:
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 also hinted at plans for continued international growth and entry into institutional markets.
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Text source: CryptoSlate
