Solana

Bitcoin ETF

Millions

<img decoding="async" width="1599" height="1066" src="https://coingape.com/wp-content/uploads/2024/05/robinhood.jpg" class="attachment-full size-full wp-post-image" alt="Robinhood crypto staking services EU" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/05/robinhood.jpg 1599w, https://coingape.com/wp-content/uploads/2024/05/robinhood-300x200.jpg 300w, https://coingape.com/wp-content/uploads/2024/05/robinhood-1224x816.jpg 1224w, https://coingape.com/wp-content/uploads/2024/05/robinhood-768x512.jpg 768w, https://coingape.com/wp-content/uploads/2024/05/robinhood-1536x1024.jpg 1536w, https://coingape.com/wp-content/uploads/2024/05/robinhood-150x100.jpg 150w, https://coingape.com/wp-content/uploads/2024/05/robinhood-272x182.jpg 272w" sizes="(max-width: 1599px) 100vw, 1599px">
The leading crypto and stock trading platform, Robinhood, has ignited excitement in the crypto sphere with its latest move – the launch of crypto staking services in Europe. This move allows users of the Robinhood app to stake their Solana (SOL) holdings directly. Besides, this move also&nbsp;reflects a significant step towards enhancing accessibility and user experience in the European crypto market. 
<h2 id="span-data-preserver-spaces-true-robinhood-unlocks-staking-opportunities-in-europe-span">Robinhood Unlocks Staking Opportunities in Europe</h2> 
Robinhood’s announcement of introducing staking services for <a href="https://coingape.com/markets/solana-price-analysis-flag-pattern-imminent-breakout-to-200/" target="_blank" rel="noopener">Solana (SOL)</a> in Europe marks a milestone in the platform’s evolution. This move empowers Robinhood Crypto customers to leverage their SOL holdings to earn rewards directly through the app,&nbsp;providing them with&nbsp;greater flexibility and control over their investment strategies. 
According to Johann Kerbrat, VP and GM of Robinhood Crypto, this initiative stems from the feedback of European customers. Notably, the customer has expressed a desire for localized language support and opportunities to earn passive income.&nbsp; 
Considering that, the platform is also launching Robinhood applications in the local language. Meanwhile, by rolling out <a href="https://coingape.com/glossary/staking/" target="_blank" rel="noopener">staking</a> services and other tailored features, Robinhood aims to cater to the specific needs of its European user base, reinforcing its commitment to providing a seamless and enriching financial journey. 
In addition, Robinhood’s decision to introduce staking services for Solana (SOL) in Europe underscores its dedication to expanding its offerings and enhancing the accessibility of <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener">cryptocurrency</a> investment opportunities.&nbsp; 
Also Read: <a href="https://coingape.com/bitcoin-etf-100m-influx-signaling-positive-road-ahead/" target="_blank" rel="noopener">Bitcoin ETF Sees $100M Influx Signaling Positive Road Ahead</a> 
<h2 id="span-data-preserver-spaces-true-what-s-next-span">What’s Next?</h2> 
As the platform continues to evolve, it remains poised to play a pivotal role in shaping the&nbsp;landscape of crypto trading, fostering innovation, and empowering users to achieve their financial goals. In addition, <a rel="nofollow" href="https://www.globenewswire.com/news-release/2024/05/15/2882110/0/en/Robinhood-Crypto-Launches-Staking-in-Europe-with-Localized-Apps-to-Follow.html" target="_blank">Robinhood’s announcement</a> notes that new customers can earn a 10% bonus on their buying amount for the first 30 days. 
Notably, according to the announcement,&nbsp;the bonus will be paid&nbsp;to the new customers in USDC. <a href="https://coingape.com/news/stocks/robinhood-nets-618-million-revenues-beats-market-projections/" target="_blank" rel="noopener">Robinhood</a> said&nbsp;that this&nbsp;initiative is part of the firm’s strategy to increase crypto adoption and attract new users. 
However, despite the positive news from Robinhood, the <a href="https://coingape.com/price/solana/" target="_blank" rel="noopener">Solana price</a> slipped 1.71% and traded at $143.69, while its trading volume rose 4.17% to $2.33 billion. Notably, the broader market has witnessed muted trading today, as investors seem to be taking a break ahead of the much anticipated U.S. CPI data. 
Also Read:&nbsp;<a href="https://coingape.com/canada-banking-giants-pour-millions-into-bitcoin-etf-amid-inflow-resurgence/" target="_blank" rel="noopener">Canada Banking Giants Pour Millions Into Bitcoin ETF Amid Inflow Resurgence</a> 
The post <a href="https://coingape.com/robinhood-launches-solana-sol-staking-services-eu/">Just-In: Robinhood Unveils Solana (SOL) Staking Services In EU</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Just-In: Robinhood Unveils Solana (SOL) Staking Services In EU

Table of Contents

Coingape News Media

Other articles published on May 15, 2024

Subsquid, a data indexer, is planning to launch its SQD token on Friday.

MAGA Shiba Inu (MAGASHIB) to Skyrocket 13,000% Before MEXC Listing, While Shiba Inu and Dogecoin ...

Bitget Wallet Unveils Bitget Onchain Layer, Rolls Out $10M BWB Ecosystem Fund

Breakthrough Study Reveals Complexity of Orangutan Communication Using Artificial Intelligence

BONK and Dogwifhat Considered, But Algotech Presale Emerges as Top Investment Choice

Bitfarms Achieves $50 M in Q1 2024 Revenue, Slightly Misses Expectations

Join our free newsletter for daily crypto updates!