Robinhood Rolls Out Solana Staking in Europe, Offering 5% APY

Prominent American trading platform Robinhood Crypto has launched Solana (SOL) staking for its European customers. Robinhood announced this development in a press statement dated Wednesday, May 15. Emphatically, European users of Robinhood Crypto can now stake their Solana holdings directly through the app starting today. This development marks Robinhood’s first foray into crypto-staking products exclusively […]

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Robinhood Rolls Out Solana Staking in Europe, Offering 5% APY

  • Robinhood Crypto introduces Solana staking in Europe with around 5% APY.
  • The feature is Robinhood’s first staking product, which chose Solana for its EU popularity.
  • Robinhood’s expansion of crypto services in Europe comes amid its U.S. regulatory scrutiny.

Prominent American trading platform Robinhood Crypto has launched Solana (SOL) staking for its European customers. Robinhood announced this development in a press statement dated Wednesday, May 15.

Emphatically, European users of Robinhood Crypto can now stake their Solana holdings directly through the app starting today. This development marks Robinhood’s first foray into crypto-staking products exclusively available to its European customers.

The decision to select Solana for Robinhood’s inaugural staking product was influenced by the token’s popularity among its EU customer base. Besides, Johann Kerbrat, the general manager of Robinhood Crypto, highlighted the simplicity of staking on the Solana network compared to Ethereum. 

Kerbrat cited Solana’s shorter bonding period of approximately two days, unlike Ethereum’s variable period, which can extend from several days to weeks.

Meanwhile, Kerbra…

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