Robinhood Crypto celebrated a pivotal 12 months in 2024, marked by important milestones, together with the launch of latest options, geographic expansions, and the enhancement of its crypto choices.
In keeping with a latest announcement, the corporate ended the 12 months with $38 billion in crypto property beneath custody and $119 billion in notional crypto buying and selling quantity over the past twelve months as curiosity in Bitcoin (BTC) reached unprecedented ranges.
Increasing attain
Robinhood achieved full protection throughout all 50 US states and territories, together with Hawaii, Puerto Rico, and the US Virgin Islands. As well as, the platform expanded its listing of supported cryptocurrencies to twenty, including Solana (SOL), Cardano (ADA), XRP, and several other others.
To cater to superior merchants, Robinhood launched a Crypto Buying and selling API, enabling customers to entry market knowledge, handle portfolios, and execute trades programmatically. Superior order varieties, similar 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 within the area, reaching a complete of 40 supported cash. A staking function for Solana and Ethereum (ETH) debuted within the second quarter, with over two-thirds of SOL holdings in Europe actively staked.
Robinhood’s self-custody web3 pockets additionally skilled speedy adoption, with a whole lot of hundreds 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. Different enhancements included a revamped token discovery function aimed toward enhancing customers’ asset administration.
Johann Kerbrat, VP and Basic Supervisor of Robinhood Crypto, highlighted 2024 as a defining 12 months for the corporate and the broader crypto trade.
Kerbrat stated:
“2024 marked a big 12 months for the cryptocurrency panorama, and up to date developments counsel that 2025 is poised to be an much more transformative 12 months.”
He additionally hinted at plans for continued worldwide progress and entry into institutional markets.
