Robinhood, a renowned U.S.-based financial services company, has introduced staking for Ethereum (ETH) and Solana (SOL) for its U.S.-based customers. This will allow its users to earn staking rewards through its user-friendly interface.
Notably, as revealed in the company’s X announcement post, the staking feature was launched in response to long-standing customer requests for such services. However, not all users can access ETH and SOL staking, as eligibility and restrictions vary by region.
Robinhood Users Benefit from Staking
Following the launch, U.S.-based users can lock or stake their ETH and SOL holdings over a specific or flexible period to earn rewards. Robinhood’s user-friendly app interface would make it easier for advanced users and newcomers to access the latest features seamlessly.
Remarkably, this launch is one of the many steps Robinhood takes constantly to expand its crypto services and presence. Last month, it proposed a new framework to the United States Securities and Exchange Commission (SEC) to support the tokenization of real-world assets (RWAs). Its primary objective is to make investments in startups or real estate easier for everyday private investors, not just wealthy individuals or big firms.
Moreover, the company also launched micro futures contracts for Bitcoin (BTC), SOL, and Ripple (XRP). These require less collateral and offer traders greater flexibility, and were designed to simplify access to crypto futures markets for retail investors.
U.S. Authorities on Crypto Staking
After a nine-month-long lawsuit between some U.S. states and the famous crypto exchange, Coinbase, over its staking services, South Carolina dropped its lawsuit against the exchange, allowing it to resume staking services. South Carolina’s restrictions resulted in a $2 million loss in staking rewards for local customers. Thus, it didn’t delay in resuming staking across all of its platforms, including the website and mobile application.
Alabama’s Securities Commission also followed suit, withdrawing its securities law violation case against Coinbase’s staking services. Remarkably, the decisions from both states were influenced by the U.S. Securities and Exchange Commission’s (SEC) verdict to dismiss its lawsuit against the exchange in February 2025.
Meanwhile, Robinhood has also launched a tokenization-focused layer-2 blockchain and introduced stock token trading for its Europe-based users.
