Robinhood Launches Ethereum Staking for European Customers

Robinhood Crypto, a division of Robinhood Markets, has announced the launch of Ethereum (ETH) staking for its European users, as a part of its crypto services expansion. The new Ethereum staking feature allows customers to earn rewards on their ETH holdings while contributing to the Ethereum network’s security and efficiency.

Robinhood’s Ethereum Staking

As per the announcement, Robinhood aims to make the staking process seamless and accessible, allowing users to stake and unstake their ETH with ease. Johann Kerbrat, General Manager and Vice President of Robinhood Crypto, commented, “Staking has been a highly requested feature but can also be intimidating for newcomers to crypto.” Kerbrat added that the firm has simplified the process to ensure users can contribute to the security of the ETH network as they make rewards.

The platform’s new staking service aligns with its broader vision of democratizing access to financial markets. Thus, with the launch of ETH staking in Europe, Robinhood is further solidifying its position as a user-focused platform in the crypto market.

Special Promotion: 100% Earnings Match

To celebrate the launch, Robinhood Crypto is offering a limited-time promotion, matching 100% of staking rewards, up to €10,000. This promotion also applies to Solana (SOL) staking, which was introduced earlier this year.

Apart from this launch, Robinhood has been in the news recently for its announcement to acquire TradePMR, a Florida-based custodial and portfolio management platform for registered investment advisors (RIAs), in a $300 million cash-and-stock deal. This move aims to attract wealthier clients to the trading platform. The acquisition brought positive news for investors, as HOOD stock rose by 1.57% to $35.55 shortly after the announcement.

Currently, HOOD is priced at $37.65.

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