Robinhood Crypto’s 2024 year-end report highlights significant growth, global expansion, and product innovation despite regulatory challenges.
The company recorded $119 billion in trading volume and $38 billion in crypto assets under custody as of November 2024. Key milestones include full U.S. coverage across 50 states and territories, the addition of 20 cryptocurrencies like Solana (SOL) and Pepe (PEPE), and the launch of a trading API for U.S. users.
In Europe, Robinhood marked its first anniversary, expanded its offerings to 40 supported assets, and introduced staking for SOL and ETH. Major wallet enhancements included cross-chain swaps on Ethereum-based networks and a revamped token discovery tab.
Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, emphasized the company’s positive outlook for 2025, stating:
“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.”
Despite a Wells Notice from the SEC in May, signaling potential legal action, Robinhood’s crypto arm remained resilient. Looking to 2025, Vice President Johann Kerbrat foresees broader industry adoption as Robinhood strengthens its role as a key player in the global cryptocurrency market.
Image Credit: Pixabay
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