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Launch of Ethereum and Solana Staking on Robinhood: Details

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by Giorgi Kostiuk

3 hours ago


Robinhood has announced the launch of staking services for Ethereum and Solana, marking a significant expansion of its cryptocurrency offerings.

Description of the Staking Service

Users can now stake as little as $1 worth of Ethereum and Solana directly through the Robinhood Crypto app. 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 validator threshold, with individual users receiving between 50% to 100% of the protocol’s native yield.

Regulation and Availability

The staking service is currently unavailable in several states, including California, Maryland, New Jersey, New York, and Wisconsin, due to local regulatory restrictions. Starting October 1, 2025, Robinhood will charge a 25% fee on staking rewards.

Robinhood's Strategy in the Cryptocurrency Space

The launch of staking services is part of Robinhood's broader strategy to deepen its presence in the cryptocurrency space following its recent acquisition of Bitstamp. Robinhood seeks to make cryptocurrencies more accessible to users by removing entry barriers and providing a user-friendly interface for staking.

The introduction of ETH and SOL staking positions Robinhood alongside competitors like Coinbase, offering clients access to rewards without the need for technical knowledge or additional hardware.

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