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Robinhood has made one of its most ambitious moves in the crypto space, announcing that it has officially launched Ethereum (ETH) and Solana (SOL) staking service for US users.
This step stands out as a notable development following the lawsuits filed by the US Securities and Exchange Commission (SEC) against exchanges such as Coinbase and Kraken due to their staking services.
Robinhood has also launched a comprehensive range of products for its European customers, including tokenized U.S. stocks and ETFs, leveraged crypto futures for eligible investors, and a new Layer 2 blockchain for real-world assets.
Robinhood’s new product launch coincided with the first-ever Ethereum Community Conference in Cannes. Following the announcement, the company’s stock hit a record high and is up over 100% since the beginning of the year.
New products include:
- Ethereum and Solana staking in the US: Users will be able to earn rewards by contributing to the network validation process.
- Tokenized stocks and ETFs in Europe: Launched on Arbitrum, these assets offer 24/5 access, dividend support, and zero commissions.
- New Layer 2 blockchain: Will be developed specifically to tokenize real-world assets and enable 24/7 transactions.
- Crypto futures: Available with 3x leverage via Bitstamp for eligible traders in Europe.
- Advanced trading tools: Features like smart order routing, tax lot management, and professional charting tools aim to make crypto more intuitive.
*This is not investment advice.
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