Robinhood has made one among its most bold strikes within the crypto house, saying that it has formally launched Ethereum (ETH) and Solana (SOL) staking service for US customers.
This step stands out as a notable improvement following the lawsuits filed by the US Securities and Change Fee (SEC) towards exchanges reminiscent of Coinbase and Kraken because of their staking providers.
Robinhood has additionally launched a complete vary of merchandise for its European clients, together with tokenized U.S. shares and ETFs, leveraged crypto futures for eligible traders, and a brand new Layer 2 blockchain for real-world property.
Robinhood’s new product launch coincided with the first-ever Ethereum Neighborhood Convention in Cannes. Following the announcement, the corporate’s inventory hit a report excessive and is up over 100% for the reason that starting of the 12 months.
New merchandise embody:
- Ethereum and Solana staking within the US: Customers will be capable to earn rewards by contributing to the community validation course of.
- Tokenized shares and ETFs in Europe: Launched on Arbitrum, these property provide 24/5 entry, dividend assist, and nil commissions.
- New Layer 2 blockchain: Might be developed particularly to tokenize real-world property and allow 24/7 transactions.
- Crypto futures: Obtainable with 3x leverage by way of Bitstamp for eligible merchants in Europe.
- Superior buying and selling instruments: Options like sensible order routing, tax lot administration, {and professional} charting instruments intention to make crypto extra intuitive.
*This isn’t funding recommendation.
