Robinhood Crypto had a groundbreaking year in 2024, achieving significant milestones and advancements in its crypto offerings. The company reported ending the year with $38 billion in crypto assets under custody and $119 billion in notional crypto trading volume, showcasing the growing interest in cryptocurrencies, particularly Bitcoin (BTC).
Expanding Reach and Features
One of the key highlights of Robinhood’s year was its expansion across all 50 US states and territories, solidifying its presence in regions like Hawaii, Puerto Rico, and the US Virgin Islands. The platform also increased its supported cryptocurrencies to 20, including popular coins like Solana (SOL), Cardano (ADA), and XRP.
In response to the needs of advanced traders, Robinhood introduced a Crypto Trading API, allowing users to access market data, manage portfolios, and execute trades programmatically. The platform also rolled out advanced order types such as stop-loss and stop-limit on its mobile apps.
Internationally, Robinhood celebrated its first anniversary in Europe by launching localized apps in Italy, Poland, and Lithuania. The platform expanded its crypto offerings in the region to include a total of 40 supported coins. Additionally, a staking feature for Solana and Ethereum (ETH) was introduced, with a significant portion of SOL holdings actively staked.
The adoption of Robinhood’s self-custody web3 wallet saw rapid growth, with hundreds of thousands of downloads across iOS and Android in over 100 countries. The wallet now supports cross-chain and gasless token swaps, facilitating transactions on networks like Solana and Ethereum. A revamped token discovery feature was also implemented to enhance asset management for users.
Johann Kerbrat, VP and General Manager of Robinhood Crypto, reflected on the milestones achieved in 2024 and expressed optimism for the future.
“2024 was a pivotal year for the cryptocurrency industry, and we are excited for the transformative potential of 2025.”
Kerbrat hinted at plans for further international expansion and entry into institutional markets in the coming year.