Robinhood Crypto Asset Under Custody Hit $38 billion
Robinhood Crypto celebrated a historic year filled with noteworthy achievements, such as regional expansions, new listings, and improvements to its cryptocurrency portfolio. A recent announcement states that, as interest in Bitcoin (BTC) surged to previously unheard-of levels, the company ended the year with $38 billion in crypto assets under custody and $119 billion in notional crypto trading volume.
All 50 US states and territories, as well as the US Virgin Islands, Puerto Rico, and Hawaii, had exposure to Robinhood’s trading platform. The platform added Solana (SOL), Cardano (ADA), XRP, and others to its list of supported cryptocurrencies.
Robinhood introduced a Crypto Trading API to serve more experienced traders, allowing them to programmatically execute trades, manage portfolios, and access market data. Additionally, advanced order types were added to its mobile platforms, including stop-limit and stop-loss.
Robinhood Crypto celebrated its first European anniversary with localized apps in Italy, Poland, and Lithuania.
The platform increased the number of cryptocurrency options available in the area with 40 supported coins. Two-thirds of SOL’s holdings in Europe have been actively staked since the second quarter when a staking feature for Solana and Ethereum (ETH) was introduced.
The self-custody web3 wallet from Robinhood was also quickly adopted; it has been downloaded hundreds of thousands of times on iOS and Android in more than 100 countries. The wallet supported several networks, including Ethereum and Solana, and introduced cross-chain and gasless token swaps.
Robinhood Crypto’s general manager and vice president, Johann Kerbrat, emphasized 2024 as a pivotal year for the business and the larger cryptocurrency sector. “2024 was an important year for the cryptocurrency landscape, and new developments indicate that 2025 is poised to be an even more transformative year,” Kerbrat stated.
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