Revolutionizing Crypto: Robinhood’s New Staking Feature
Robinhood has presented its first-ever crypto-staking product, which will be accessible to European clients. The company has also propelled a few other new highlights for European clients. “Robinhood Crypto clients can presently stake their Solana (SOL) possessions specifically through the app, permitting them to win rewards with the adaptability to unstake at any time,” the first stated.
Robinhood has disclosed a suite of modern highlights for its European clients, including staking, localized apps, crypto rewards for new clients, and upgraded Learn & Win modules. With Robinhood Crypto, clients can exchange over 30 cryptocurrencies, track real-time costs, and access charts to refine their exchange strategies.
The firm clarified, “Robinhood introduces Crypto Staking Feature to their Crypto clients can presently stake their Solana (SOL) holdings specifically through the app, permitting them to win rewards with the adaptability to unstake at any time,” the declaration details.
Moreover, starting Wednesday, new clients can get a 10% reward on their net buys within the first 30 days on the platform. The reward will be paid in USDC. This activity aims to attract modern clients and improve their crypto venture experience. The stage will also dispatch local language forms of the Robinhood Crypto app, starting with clients in Italy, Poland, and Lithuania. Once accessible, clients in these nations will have a wholly interpreted experience, expanding their certainty and comfort as they research speculations and place trades.
Johann Kerbrat, VP and GM of Robinhood Crypto commented: “Since propelling at the end of final year, our customers in Europe have made it clear they need an app that underpins local languages and offers products to gain detached income.”
Crypto staking features are presently under investigation in the United States. The U.S. Securities and Exchange Commission (SEC) has taken activity against a few crypto trades advertising staking administrations, arguing that these administrations constitute unregistered securities offerings. For example, the SEC charged crypto trade Kraken in February 2023, driving to a $30 million settlement and the cessation of Kraken’s U.S. staking administrations. Crypto markets are profoundly unstable, and exchanging or holding crypto can lead to the misfortune of your resources. Crypto is not legitimate delicate and is not supported by any government or secured by any government compensation scheme.
About Robinhood
With Robinhood Crypto in Europe, clients claim their crypto, and Robinhood holds it safely on their behalf. Clients can purchase and offer 30+ cryptocurrencies, track real-time costs, and access charts to offer assistance in fine-tuning their exchange procedure. They can also browse and learn about diverse digital resources, make watchlists, and screen the most recent news specifically in the app.
