Robinhood launches Ethereum and Solana staking in the U.S
2025-07-11 07:20:17
Main Idea
Robinhood has launched Ethereum and Solana staking services for U.S. customers, simplifying blockchain participation with a user-friendly approach, though regulatory restrictions apply in some states.
Key Points
1. Robinhood now offers Ethereum and Solana staking services to U.S. customers via its Robinhood Crypto app.
2. Staking rewards for Ethereum involve pooling customer funds to meet the 32 ETH validator threshold, with users receiving 50% to 100% of rewards.
3. The service is not available in California, Maryland, New Jersey, New York, and Wisconsin due to regulatory restrictions.
4. Starting October 1, 2025, Robinhood will impose a 25% fee on staking rewards.
5. Robinhood's staking service requires no technical knowledge or hardware, aligning with its strategy to make crypto more accessible.
Description
Robinhood has officially rolled out Ethereum and Solana staking services to U.S. customers, marking a major expansion of its crypto product line. The feature, announced on July 10, allows users to stake as little as $1 worth of Ethereum ( ETH ) or Solana ( SOL ) directly through the Robinhood Crypto app. According to Robinhood, staking rewards will be distributed based on network protocol rates, minus platform and partner fees. For Ethereum, customer funds are pooled to meet the network’s 32 ETH...
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