Robinhood Crypto 2024 Achievements: $38 Billion in Crypto Custody and Plans for Institutional Markets
The Robinhood team pointed out that 2024 was a significant year for both Robinhood Crypto and the cryptocurrency sector as a whole. They take a close look at the accomplishments they have made together as they commemorate the first year of Robinhood Crypto’s launch in Europe. 2024 was all about assisting more individuals in beginning their crypto journey and using crypto more extensively, from introducing features to entering new markets.
As of November 2024, Robinhood reported a crypto notional trading volume of $119 billion (LTM), with $38 billion in crypto assets under custody. Robinhood Crypto wants to expand into the institutional market and keep expanding globally.
2024 marked a significant year for the cryptocurrency landscape and recent developments suggest that 2025 is poised to be an even more transformative year, with broader adoption anticipated across the industry.
Johann Kerbrat, VP & GM of Robinhood Crypto
2024 Has Been a Transformative Year for Robinhood Crypto in the US and European Markets
2024 was a year of major milestones for Robinhood Crypto, a year that revolutionized its operations in the U.S. and Europe. In the United States, Robinhood expanded crypto access to millions of people by achieving complete coverage in all 50 states and territories, including Hawaii, Puerto Rico, and the U.S. Virgin Islands. There are now 20 different cryptocurrencies available in the United States due to the platform’s introduction of new ones like Solana (SOL), Pepe (PEPE), Cardano (ADA), XRP, and Dogwifhat (WIF). Enhanced order types, such as stop-limit and stop-loss on mobile platforms, were introduced, along with advanced trading tools, such as a crypto trading API for programmatic portfolio management and market data access.
One year after its inception in the region, Robinhood Crypto increased its presence in Europe by releasing localized apps for Poland, Lithuania, and Italy. With the addition of 14 more coins, the European platform now supports 40. Furthermore, staking facilities for Ethereum (ETH) and Solana (SOL) were launched, enabling users to receive incentives. As it prepares for additional growth in 2025, these developments highlight Robinhood Crypto’s dedication to expanding access, providing more services, and encouraging worldwide adoption.
Cross-Chain and Gasless Swaps Revolutionize Robinhood Wallet Experience
In 2024, Robinhood Wallet advanced significantly, broadening its user base and improving its global presence. After being made accessible on Android, the self-custody web3 wallet received hundreds of thousands of downloads on both the iOS and Android platforms in over 100 countries.
With a significant update, advanced swapping features were added, such as support for Base, Arbitrum, Optimism, and Solana in addition to the already existing connections with Ethereum and Polygon. In order to facilitate smooth token trades without extra Robinhood Wallet fees, cross-chain and gasless swaps were also introduced across Ethereum-compatible networks. Nevertheless, regular network fees might still be applicable.
A revamped token discovery tool was added to the wallet to further enhance usability, making it simpler than ever for users to locate and manage their digital assets. The route for more accessibility and innovation in 2025 is paved by these enhancements, which further establish Robinhood Wallet as a potent tool for cryptocurrency fans throughout the globe.
For more up-to-date crypto news, you can follow Crypto Data Space.
Leave a comment