Robinhood Crypto has celebrated an important year, 2024. This was marked with significant milestones including new features, geographical expansions and enhancements to its crypto offerings.
According to an announcement made recently, according to interest in Bitcoin BTC reaching unprecedented levels in recent months the company has ended the calendar year with 38 billion dollars in crypto assets held in custody.
Expanding our reach
Robinhood now covers all 50 US States and Territories, including Hawaii and Puerto Rico. The platform has also expanded the list of supported cryptocurrencies from 20 to include Solana, Cardano, XRP, ADA, etc.
Robinhood has launched its Crypto Trading API to cater to the needs of advanced traders. This API allows users to manage their portfolios and trades using a programmatic interface. Mobile platforms now support advanced order types like stop-loss, stop-limit and limit.
Robinhood Crypto celebrated its first anniversary with the launch of localized apps in Italy, Poland and Lithuania. Platform expanded crypto offerings to 40 coins in Europe. In the second quarter of 2018, a staking function for Solana (SOL) and Ethereum(ETH) was launched. Over two thirds of SOL’s holdings were actively staked.
Robinhood’s self-custody web3 wallet also experienced rapid adoption, with hundreds of thousands of downloads across iOS and Android in over 100 countries. The wallet supported networks including Solana and Ethereum. Other enhancements included a revamped token discovery feature aimed at improving users’ asset management.
Johann Kerbrat is the Vice President and General Manager at Robinhood Crypto. He believes that 2024 will be a landmark year for his company as well as the entire crypto-industry.
Kerbrat said:
“2024 marked a significant year for the cryptocurrency landscape, and recent developments suggest that 2025 is poised to be an even more transformative year.”
The CEO also spoke of plans to continue international expansion and enter institutional markets.
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