Robinhood Crypto Launches Ethereum Staking Service for EU Customers

Great news for our European friends! US neobroker Robinhood recently announced the launch of Ethereum (ETH) staking at its Robinhood Crypto unit. For a limited time, they are offering a 100% match on staking earnings, up to €10,000.

So, what is staking? Think of it like earning interest on your deposits, but in the world of cryptocurrency. It allows passive cryptocurrency holders to earn rewards on their holdings by agreeing not to sell their crypto for a certain period of time.

Robinhood made its debut in Europe last year with a focus on crypto trading. Now, with ETH staking, customers can not only earn rewards on their ETH holdings but also contribute to the Ethereum network’s security and efficiency. Plus, the staking process with Robinhood Crypto is designed to be seamless and flexible, so you can easily stake and unstake your ETH when needed.

This latest launch follows the introduction of Solana (SOL) staking on Robinhood Crypto in Europe earlier this year. And for a limited time, customers can earn a 100% match on earnings for both ETH and SOL staking.

Johann Kerbrat, GM & VP of Robinhood Crypto, emphasized the customer-centric approach of Robinhood’s platform, stating that staking has been a highly requested feature but can be intimidating for newcomers to crypto. With their simplified staking process, users can now contribute to the security of the ETH network while efficiently earning rewards, showcasing Robinhood’s commitment to empowering ETH holders.

If you’re interested in these crypto services, keep in mind that they are offered for eligible customers through an account with Robinhood Europe, UAB, registered in Lithuania. Robinhood Europe meets the regulatory requirements of the Republic of Lithuania as a virtual currency exchange and virtual currency depository wallet operator.

Exciting times for crypto enthusiasts in Europe, thanks to Robinhood’s latest offerings in the crypto space!