Robinhood launches staking for Ethereum and Solana in ongoing crypto expansion
Robinhood is doubling down on crypto offerings. The trading app will launch staking for Ethereum and Solana in New York starting on Tuesday, according to the company, allowing customers to earn yield on cryptocurrency.
The company will let customers stake in New York and plans to expand across the country. “We’re proud of the momentum we’ve seen with staking and especially excited that staking is now available to customers in New York, which has one of the most rigorous regulatory frameworks in the country,” wrote Johann Kerbrat, senior vice president and general manager of Robinhood Crypto, in a note to Fortune.
Staking has been part of the crypto universe for nearly a decade, rewarding users who lock up a stash of tokens in…
