The Robinhood platform expands its services by offering users the ability to stake Ethereum and Solana, letting them earn rewards by locking their digital assets.
What is Staking and How Does It Work
Staking is a process where users lock their cryptocurrency assets to secure blockchain networks. In return, they receive rewards that depend on the protocol rates established by the corresponding blockchain networks.
Staking Conditions on Robinhood
Robinhood allows users to stake ETH and SOL, with rewards distributed according to protocol rates minus any applicable fees. For Ethereum, Robinhood creates validator pools by pooling users' stakes to meet the 32 ETH requirement. This method allows participants to earn rewards ranging from 50% to 100% of the protocol rate.
Regulatory Aspects and Future of Staking
Although Robinhood previously shied away from staking due to regulatory uncertainty in the US and SEC sanctions on cryptocurrencies, recent increased legal clarity has made it possible for the platform to enter this market. However, staking services are currently unavailable to users in California, Maryland, New Jersey, New York, and Wisconsin. Starting October 1, 2025, Robinhood Crypto will charge a 25% platform fee on staking rewards, plus fees from third-party staking partners.
The launch of ETH and SOL staking on Robinhood reflects the platform's aim to remain competitive in the growing cryptocurrency market amid existing regulatory challenges.
