Robinhood Crypto marks milestone year with $38 billion in assets and European expansion
Robinhood Crypto marks milestone 365 days with $38 billion in property and European expansion Robinhood Crypto marks milestone 365 days with $38 billion in property and European expansion
Robinhood accomplished nationwide US protection and kicked off its European expansion with recent aspects and 40 supported cash.
Duvet art work/illustration by CryptoSlate. Picture entails blended affirm material which would perchance also fair comprise AI-generated affirm material.
Robinhood Crypto eminent a pivotal 365 days in 2024, marked by valuable milestones, alongside with the originate of recent aspects, geographic expansions, and the enhancement of its crypto offerings.
In line with a recent announcement, the corporate ended the 365 days with $38 billion in crypto property below custody and $119 billion in notional crypto trading volume over the final twelve months as curiosity in Bitcoin (BTC) reached extra special phases.
Increasing reach
Robinhood accomplished corpulent protection across all 50 US states and territories, alongside with Hawaii, Puerto Rico, and the US Virgin Islands. As properly as, the platform expanded its record of supported cryptocurrencies to twenty, adding Solana (SOL), Cardano (ADA), XRP, and several other others.
To cater to evolved traders, Robinhood launched a Crypto Trading API, enabling users to catch true of entry to market files, tackle portfolios, and originate trades programmatically. Evolved expose kinds, a lot like discontinue-loss and discontinue-restrict, accept as true with been moreover launched across its cell platforms.
Robinhood Crypto marked its first anniversary in Europe with localized app launches in Italy, Poland, and Lithuania. The platform expanded its crypto offerings in the advise, reaching an total of 40 supported cash. A staking feature 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 moreover skilled fast adoption, with an total bunch of thousands of downloads across iOS and Android in over 100 worldwide locations. The wallet launched downhearted-chain and gasless token swaps, supporting networks luxuriate in Solana and Ethereum, amongst others. Completely different enhancements integrated a revamped token discovery feature geared toward bettering users’ asset administration.
Johann Kerbrat, VP and General Manager of Robinhood Crypto, highlighted 2024 as a defining 365 days for the corporate and the broader crypto industry.
Kerbrat said:
“2024 marked a valuable 365 days for the cryptocurrency landscape, and up-to-the-minute developments suggest that 2025 is poised to be an far more transformative 365 days.”
He moreover hinted at plans for endured worldwide enhance and entry into institutional markets.
Talked about on this article
Assad Jafri
AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his skills worldwide for over a decade. Focusing on financial journalism, he now specializes in crypto reporting.
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Bitcoin, a decentralized currency that defies the sway of central banks or directors, transacts electronically, circumventing intermediaries by a look-to-look network.
Solana is a excessive-performance blockchain platform that makes use of a special consensus algorithm known as “Proof of Ancient past” to reach posthaste transaction speeds and low expenses.
Cardano is a decentralized public blockchain and cryptocurrency finishing up and is totally start source.
Ethereum is a decentralized, start-source blockchain platform that lets in the introduction of trim contracts and decentralized applications (DApps).
The XRP Ledger is a decentralized cryptographic ledger powered by a network of look-to-look servers.
Robinhood
Robinhood is an American financial products and services company headquartered in Menlo Park, California that was once founded in April 2013 by Vladimir Tenev and Baiju Bhatt.
Source credit : cryptoslate.com
