Robinhood recorded $119 million in notional crypto trade volume this year: report

The cryptocurrency arm of US financial services company Robinhood has published its year-end report for 2024, outlining its growth and expansion into new markets over the past 11 months.

In conjunction with the release of the report, Robinhood Crypto celebrates the first anniversary of the launch of a digital asset trading division in Europe.

Robinhood publishes year-end report

According to the report, Robinhood Crypto recorded a theoretical trading volume of $119 billion and $38 billion in crypto assets under custody as of November 2024. The entity said that 2024 was an important year for in his business because of the milestones he achieved.

Robinhood Crypto expanded its services in the United States achieving full coverage in 50 states and territories, including Hawaii, Puerto Rico and the US Virgin Islands. The company increased the number of cryptocurrencies available in the US to 20 by adding new assets such as Solana (SOL), Pepe (PEPE) and dogwifhat (WIF).

It also launched a new trading API for its US users, offering tools to view market data, manage portfolios and place advanced orders.

In Europe, Robinhood added 14 new coins for local customers, bringing the number of supported assets to 40. The company also launched SOL and ether (ETH) staking for its European users.

Regulatory challenges

Additionally, Robinhood’s crypto wallet saw notable developments. The crypto company launched the wallet on Android and introduced advanced exchange features to several Ethereum-based networks, including Arbitrum, Optimism, Polygon, and Base. The company also redesigned its token discovery tab, making it easier for users to find and manage their assets.

It’s worth mentioning that the Robinhood experience in 2024 was not without its challenges. The US Securities and Exchange Commission (SEC) slapped the entity with a notice from Wells in May, citing a threat of legal action over the company’s securities law violations. Although the SEC has yet to file the lawsuit, Robinhood’s crypto business has performed well for the year.

Johann Kerbrat, Vice President and CEO of Robinhood Crypto, said:

“2024 marked an important year for the cryptocurrency landscape, and recent developments suggest that 2025 is poised to be an even more transformative year, with wider adoption expected across the industry.”

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