tl;dr
Robinhood Crypto had a milestone year in 2024, with $38 billion in crypto assets and expansion into Europe. The company achieved full coverage across all 50 US states and territories, added support for 20 cryptocurrencies, and launched a Crypto Trading API. In Europe, it expanded its offerings to 40...
Robinhood Crypto had a monumental year in 2024, culminating in transformative growth and expansion into the European market. The company closed the year with a staggering $38 billion in crypto assets under custody and witnessed $119 billion in notional crypto trading volume over the past twelve months, driven by unprecedented interest in Bitcoin.
Expanding its reach, Robinhood achieved full coverage across all 50 US states and territories, including Hawaii, Puerto Rico, and the US Virgin Islands. The platform bolstered its supported cryptocurrencies to 20, adding the likes of Solana, Cardano, and XRP, and introduced advanced trading features such as stop-loss and stop-limit orders.
Furthermore, Robinhood Crypto celebrated its first anniversary in Europe by launching localized apps in Italy, Poland, and Lithuania, solidifying its presence in the region. With an expanded offering of 40 supported coins and the introduction of a staking feature for Solana and Ethereum, the platform experienced rapid adoption, particularly for its self-custody web3 wallet, which garnered hundreds of thousands of downloads across iOS and Android in over 100 countries. This wallet also introduced cross-chain and gasless token swaps, enhancing user experience.
Johann Kerbrat, VP and General Manager of Robinhood Crypto, heralded 2024 as a defining year for both the company and the broader crypto industry. He hinted at plans for further international expansion and entry into institutional markets, setting the stage for what is anticipated to be another transformative year in 2025.