Robinhood is solidifying its position in the retail trading landscape as it closes 2024 with $38 billion in assets under custody and $119 billion in notional trading volume. The company has expanded its crypto offerings by adding Solana (SOL) and Cardano (ADA), while also introducing features such as staking and gasless swaps. CEO Vlad Tenev emphasized the platform's ambition to cater to the next generation's financial needs, particularly as an estimated $124 trillion in assets is expected to transfer from older generations to younger ones over the next two decades. Additionally, Robinhood is reportedly developing a derivatives exchange based on XRP and is planning to expand its services into Europe. In a related study by Charles Schwab, it was found that millionaire baby boomers are less inclined to share their wealth, with 45% preferring to spend their money on themselves rather than passing it on to their children.