Robinhood has started offering Ethereum and Solana staking services for its users in the United States. According to the company, this lets users earn rewards by locking up their digital assets to help secure these blockchain networks.
Additionally, customers can now stake their Ethereum (ETH) and Solana (SOL) holdings directly on Robinhood’s platform.
When users stake their ETH, they can expect rewards ranging from 50% to 100% of the protocol rate. Robinhood employs a specialized batch-processing method that combines multiple stakes to reach the 32 ETH required to become a validator on the Ethereum network.
Note that this staking service is not available in some states, such as California, Maryland, New Jersey, New York, and Wisconsin.
