Release: 2024/12/15 17:34 Reading: 658
Robinhood Crypto Reports Growth and Innovation Despite Regulatory Challenges
Robinhood Crypto has achieved $119 billion in trading volume and $38 billion in assets under custody.
Expansion in the United States and Europe
The firm has expanded its services to all 50 U.S. states and added 14 crypto assets in Europe, bringing the total number of supported assets to 40.
New Features and Enhancements
Robinhood Crypto has introduced a new trading API, allowing users to access market data and advanced order functionality. In Europe, users can now stake Solana and Ethereum directly through the platform. The company has also launched a crypto wallet on Android and enhanced its swapping features across Ethereum-based networks.
Regulatory Hurdles
Despite its growth, Robinhood Crypto faced regulatory challenges in 2024, with the SEC issuing a Wells Notice signaling potential legal action. However, the firm's crypto operations have continued to thrive.
Outlook for 2025
Robinhood Crypto's Vice President and General Manager, Johann Kerbrat, expressed optimism for the future of the cryptocurrency sector. He anticipates broader adoption in 2025.
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