Robinhood Launches First Crypto Staking Product in EU, Featuring Solana ($SOL)

  • Robinhood Crypto is expanding its services for European customers with new features aimed at improving accessibility and user experience.
  • The new features include crypto staking, localized apps, and a 10% bonus on net buys for new users within their first 30 days on the platform.
  • Robinhood Crypto is part of Robinhood’s broader efforts to make financial markets more accessible to a broader audience.

Robinhood Crypto is enhancing its services for European customers with new features aimed at improving accessibility and user experience, including crypto staking, localized apps, and a bonus on net buys.

Robinhood Crypto Expands Services in Europe

On May 15, Robinhood Crypto announced a significant push to enhance its services for European customers. The announcement includes the rollout of crypto staking, localized apps, and a 10% bonus on net buys for new users within their first 30 days on the platform. Robinhood Crypto is a platform under Robinhood that allows users to buy, sell, and hold various cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and others without commission fees.

Introduction of Crypto Staking and Localized Apps

One of the key highlights is the introduction of crypto staking, available exclusively to European users. This new feature allows customers to stake their Solana (SOL) holdings directly through the Robinhood app. Staking enables users to earn rewards while maintaining the flexibility to unstake their assets at any time, offering a new way to generate passive income from their crypto investments. In the coming weeks, the platform will launch local language versions of its app, starting with Italy, Poland, and Lithuania. This move aims to provide users with a more comfortable and intuitive experience by offering the app in their native languages.

Attracting New Users with Bonus Offers

To attract new users, Robinhood Crypto is offering a 10% bonus on net buys for the first 30 days. This bonus, paid out in USDC, is part of the company’s strategy to improve the initial investment journey for new customers. The offer is capped at €500 and requires the reward to be held for 180 days.

Expanding Learn & Earn Modules

Recognizing the importance of education in the rapidly evolving world of digital assets, Robinhood Crypto is expanding its Learn & Earn modules. These educational tools, focusing on cryptocurrencies like AVAX, BTC, and USDC, are designed to help users understand different digital assets while earning rewards. Soon, these modules will be available in multiple languages, including Italian, Polish, and Lithuanian, to further support users in their native languages.

Conclusion

Since launching in Europe at the end of last year, Robinhood Crypto has received substantial feedback from its users. Key insights include Bitcoin (BTC), Dogecoin (DOGE), Solana (SOL), and Ethereum (ETH) seeing the highest trading volumes, Bitcoin remaining the most held cryptocurrency on the platform, and Poland, Italy, and Lithuania leading in app downloads. Many users appreciate the Learn & Earn program for its educational value, and a significant portion of users are new to crypto trading, with ease of use being a major deciding factor in choosing Robinhood Crypto.

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Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
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