Robinhood Crypto Launches Ethereum Staking For European Users
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Robinhood Crypto has introduced Ethereum staking on its platform to help European users join the staking process more easily. According to the company, the new service also gives more options to experienced users in the cryptocurrency market.
The company stated that there is a special offer for a limited time. Users can get a 100% match on staking rewards for earnings up to €10,000. This offer follows the earlier launch of Solana staking, which has already been successful on the platform this year.
Robinhood Simplifies Ethereum Staking With Rewards For Users
Ethereum staking works by letting users lock their ETH to help keep the network secure. In return, they earn rewards over time. Robinhood noted that some users may find this process hard to understand, especially those new to cryptocurrency.
To help more people, Robinhood has created an easy staking process. The company explained that users can stake or unstake their assets without trouble. This approach is meant to make staking simple for everyone, even for beginners.
Johann Kerbrat, General Manager and Vice President of Robinhood Crypto, said the platform always focuses on its users. He explained that staking has been a popular request from customers, but it can seem confusing to those new to crypto.
The team worked to simplify the process so that users can help secure the Ethereum network and earn rewards at the same time.
Robinhood Expands Crypto Services With New Coins And Staking Rewards
Robinhood added that the 100% earnings match for staking rewards applies to Ethereum and Solana. The company shared that this special reward is designed to give investors more opportunities to grow their holdings.
The firm explained that this offer helps users while also supporting blockchain networks like Ethereum and Solana. By joining staking, users contribute to the system while earning benefits.
This month, Robinhood has also added new cryptocurrencies for users in the United States. The company included Solana, Pepe, Cardano, and XRP, increasing its list of digital assets available on the platform.
The addition of these cryptocurrencies brings the total number on Robinhood to 19. The company also announced that it now allows European users to transfer digital assets.
Robinhood explained that users in Europe can now deposit and withdraw 24 different cryptocurrencies, including Bitcoin, Ethereum, Solana, and USD Coin.
Recent reports suggest Robinhood might introduce a stablecoin soon. However, the company has not confirmed any plans about this yet.
Crypto services are available for eligible users through an account with Robinhood Europe, UAB, based in Lithuania. Robinhood Europe is registered under Lithuania’s rules as a virtual currency exchange and wallet service provider.
