Robinhood Crypto Reports Record Growth and Expands Services in 2024

The 2024 end-of-year report from Robinhood Crypto shows remarkable development and noteworthy milestones accomplished in a number of markets. Robinhood Crypto has established itself as a major force in the cryptocurrency market by concentrating on growing its user base and offering more services.

Impressive Growth and Market Expansion

Among the noteworthy accomplishments listed in Robinhood Crypto’s 2024 report were a notional trading volume of $119 billion and $38 billion in crypto assets held as of November 2024. These numbers demonstrate the company’s impressive performance over the previous 12 months, which was characterized by expansion and diversification.

Increasing its footprint around the US was one of Robinhood’s expansion initiatives. Hawaii, Puerto Rico, and the U.S. Virgin Islands are among the 50 states and territories where the company now conducts business. Robinhood Crypto increased the number of bitcoin assets offered in the United States to 20 in order to meet the increasing demand. Popular tokens including Solana (SOL), Pepe (PEPE), and dogwifhat (WIF) were among the new additions.

In addition, Robinhood introduced a new trading application programming interface (API) for U.S. users. This update allows users to manage their portfolios, place advanced orders, and access essential market data, enhancing the overall trading experience.

Robinhood Crypto’s success wasn’t limited to the U.S. In 2024, the company celebrated its first anniversary of launching its digital asset trading services in Europe. For European customers, Robinhood added 14 new coins, raising the total number of supported assets to 40. The firm also introduced staking services for Solana (SOL) and Ethereum (ETH), providing European users with more ways to engage with their assets.

Despite facing some regulatory hurdles, including a Wells Notice from the U.S. Securities and Exchange Commission (SEC) in May over potential violations of securities laws, Robinhood’s crypto business remained resilient. While the SEC has yet to pursue legal action, Robinhood’s crypto operations continued to perform strongly throughout the year.

Johann Kerbrat, vice president and general manager of Robinhood Crypto, reflected on the year, 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.”