Robinhood Crypto marks turning point year with $38 billion in properties and European growth Assad Jafri · 1 day ago · 2 minutes checked out
Robinhood attained across the country United States protection and began its European growth with brand-new functions and 40 supported coins.
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Upgraded: Dec. 12, 2024 at 8:26 pm UTC
Cover art/illustration by means of CryptoSlate. Image consists of combined material which might consist of AI-generated material.
Robinhood Crypto commemorated an essential year in 2024, marked by considerable turning points, consisting of the launch of brand-new functions, geographical growths, and the improvement of its crypto offerings.
According to a current statement, the business ended the year with $38 billion in crypto properties under custody and $119 billion in notional crypto trading volume over the last twelve months as interest in Bitcoin (BTC) reached extraordinary levels.
Broadening reach
Robinhood attained complete protection throughout all 50 US states and areas, consisting of Hawaii, Puerto Rico, and the United States Virgin Islands. In addition, the platform broadened its list of supported cryptocurrencies to 20, including Solana (SOL), Cardano (ADA), XRP, and a number of others.
To accommodate sophisticated traders, Robinhood introduced a Crypto Trading API, allowing users to gain access to market information, handle portfolios, and perform trades programmatically. Advanced order types, such as stop-loss and stop-limit, were likewise presented throughout its mobile platforms.
Robinhood Crypto marked its very first anniversary in Europe with localized app launches in Italy, Poland, and Lithuania. The platform broadened its crypto offerings in the area, reaching an overall of 40 supported coins. A staking function for Solana and Ethereum (ETH) debuted in the 2nd quarter, with over two-thirds of SOL holdings in Europe actively staked.
Robinhood’s self-custody web3 wallet likewise experienced fast adoption, with numerous countless downloads throughout iOS and Android in over 100 nations. The wallet presented cross-chain and gasless token swaps, supporting networks like Solana and Ethereum, to name a few. Other improvements consisted of a revamped token discovery function focused on enhancing users’ possession management.
Johann Kerbrat, VP and General Manager of Robinhood Crypto, highlighted 2024 as a specifying year for the business and the wider crypto market.
Kerbrat stated:
“2024 marked a substantial year for the cryptocurrency landscape, and current advancements recommend that 2025 is poised to be a lot more transformative year.”
He likewise meant prepare for ongoing global development and entry into institutional markets.
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