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Robinhood Introduces Ethereum and Solana Staking in the US and New Products for Europe

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by Giorgi Kostiuk

6 hours ago

Robinhood has announced the launch of Ethereum and Solana staking for users in the US, marking a significant step in its cryptocurrency ventures.

Launch of Ethereum and Solana Staking

Robinhood has officially launched Ethereum and Solana staking for users in the US. This development comes amidst lawsuits filed by the US Securities and Exchange Commission (SEC) against exchanges such as Coinbase and Kraken over their staking services.

New Products for European Users

Robinhood has also launched a range of new products for its European customers. These include tokenized U.S. stocks and ETFs available on the Arbitrum platform, Ethereum and Solana staking, and a new Layer 2 blockchain designed to tokenize real-world assets.

Market Reaction to the Announcement

The launch of new products coincided with the first Ethereum Community Conference held in Cannes. Following the announcement, Robinhood's stock hit a record high, rising more than 100% since the beginning of the year.

Therefore, the launch of Ethereum and Solana staking, along with new products for European clients, underscores Robinhood's ambitious approach to expanding its presence in the cryptocurrency market.

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