Robinhood Expands Crypto Services With U.S. Launch of Ethereum and Solana Staking

Robinhood Expands Crypto Services With U.S. Launch of Ethereum and Solana Staking

  • Robinhood now allows U.S. users to stake Ethereum and Solana directly through its crypto platform.
  • Users can begin staking with as little as one dollar and earn rewards based on network protocol rates.
  • Staking is not available in five U.S. states due to ongoing regulatory restrictions in those regions.

Robinhood has launched Ethereum and Solana staking services for its U.S. customers. The feature was previously limited to European users. It now allows U.S. residents to earn rewards by locking ETH and SOL directly on the app.

https://twitter.com/MarketJournalX/status/1943417547644375435

The new staking option supports users with as little as $1. Robinhood pools customer funds to meet Ethereum’s 32 ETH validator requirement. Participants then earn between 50% to 100% of the network’s protocol rewards. Solana staking is fully managed by Robinhood. The platform handles all validator and technical processes on behalf of users.

Staking Comes With Restrictions in Select States

Despite the nationwide rollout, Robinhood has restricted staking access in several states. These include California, Maryland, New Jersey, New York, and Wisconsin. The company cited local regulations as the reason for the limitation.

Robinhood’s system is built to support smaller investors. It aggregates user funds to meet validator thresholds. This enables those with limited capital to participate in crypto staking without advanced knowledge.

Platform to Charge 25% Fee on Staking Rewards

Robinhood plans to introduce a 25% fee on staking rewards beginning October 1, 2025. The fee will cover validator costs and be comparable to other platforms. The platform’s approach aims to offer a simple user experience while maintaining competitive reward structures.

Robinhood joins a growing list of U.S. firms providing staking services. Its model removes complex hardware and setup. This allows more people to take part in blockchain validation without technical hurdles.

Regulatory Clarity Supports Staking Rollout

The launch follows a more stable regulatory environment in the U.S. Robinhood had previously delayed offering staking services due to legal uncertainty. The SEC’s earlier actions against other platforms influenced that cautious stance.

However, current policy changes and pending legislation support broader crypto offerings. Two bills now await approval from the president, who is expected to sign them soon. The SEC recently stated that staking specific proof-of-stake cryptocurrencies is not considered a securities transaction in the United States.

Company Eyes Blockchain Development on Arbitrum

Robinhood is also planning to launch a blockchain on Arbitrum. The blockchain will enable tokenized stocks and 24/7 trading. Users will also receive dividends within the app. These features will further expand Robinhood’s crypto ecosystem.

Earlier this year, the firm acquired Bitstamp and WonderFi. The acquisitions aim to strengthen its presence in the digital asset market. The recent staking launch aligns with this broader crypto push.


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