Robinhood Crypto celebrated a pivotal 12 months in 2024, marked by vital milestones, together with the launch of latest options, geographic expansions, and the enhancement of its crypto choices.
Based on a current announcement, the corporate ended the 12 months with $38 billion in crypto property underneath custody and $119 billion in notional crypto buying and selling quantity during the last 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 checklist 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 information, handle portfolios, and execute trades programmatically. Superior order varieties, similar to stop-loss and stop-limit, have been additionally launched throughout its cellular 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 characteristic 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 fast adoption, with a whole bunch of hundreds of downloads throughout iOS and Android in over 100 international locations. The pockets launched cross-chain and gasless token swaps, supporting networks like Solana and Ethereum, amongst others. Different enhancements included a revamped token discovery characteristic geared 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 recommend that 2025 is poised to be an much more transformative 12 months.”
He additionally hinted at plans for continued worldwide development and entry into institutional markets.