Robinhood, a representative US investment platform, has officially launched staking services for ETH and SOL for its customers.
On the 11th (local time), Robinhood stated that "cryptocurrency investors can earn stable additional income from their held assets through ETH and SOL staking in the United States". While Robinhood's staking service has already been introduced in some overseas markets such as Europe, this is the first time in the United States.
Staking is a structure where investors deposit cryptocurrency into a blockchain network and receive a certain reward in return. Robinhood has made it easy for anyone to deposit ETH and SOL through a simple UI, and explained that the reward rate varies depending on network conditions.
Previously, Coinnews had reported that Robinhood was preparing to launch ETH and SOL staking services for US customers. This announcement has now officially confirmed those plans.
The industry interprets this decision as part of Robinhood's strategy to strengthen cryptocurrency services. Despite the still uncertain regulatory environment in the United States, this move is seen as taking into account the steady customer demand for cryptocurrency staking.
A market expert said, "Major exchanges like Coinbase and Binance US have already been competing in staking services," and "With Robinhood's full entry, competition around fees and reward rates will become more intense."
Robinhood has been focusing on strengthening cryptocurrency services in addition to traditional investment products like stocks and options, and this staking service launch supports this strategy. The company stated that "we plan to introduce additional cryptocurrency products in the future to diversify customer income".
