Robinhood Crypto had a momentous year in 2024, achieving various milestones and solidifying its position in the crypto market. With $38 billion in crypto assets under custody and $119 billion in notional crypto trading volume, the platform experienced unprecedented interest in Bitcoin (BTC).
Expanding its reach, Robinhood now offers its services in all 50 US states and territories, including Hawaii, Puerto Rico, and the US Virgin Islands. The platform also added support for 20 cryptocurrencies, including Solana (SOL), Cardano (ADA), and XRP. To cater to advanced traders, Robinhood introduced a Crypto Trading API and advanced order types like stop-loss and stop-limit on its mobile platforms.
Celebrating its first anniversary in Europe, Robinhood launched localized apps in Italy, Poland, and Lithuania, expanding its list of supported coins to 40. The platform also introduced a staking feature for Solana and Ethereum (ETH), with a significant portion of SOL holdings in Europe actively staked.
The adoption of Robinhood’s self-custody web3 wallet saw a rapid increase, with hundreds of thousands of downloads across iOS and Android in over 100 countries. The wallet now supports cross-chain and gasless token swaps for networks like Solana and Ethereum, along with a revamped token discovery feature for improved asset management.
Johann Kerbrat, VP and General Manager of Robinhood Crypto, reflected on 2024 as a transformative year for both the company and the crypto industry. Looking ahead to 2025, Kerbrat hinted at plans for further international expansion and entry into institutional markets.
Overall, Robinhood Crypto’s success in 2024 sets the stage for more growth and innovation in the coming years, solidifying its position as a key player in the evolving crypto landscape.