Robinhood has made considered one of its most formidable strikes within the crypto area, asserting that it has formally launched Ethereum (ETH) and Solana (SOL) staking service for US customers.
This step stands out as a notable improvement following the lawsuits filed by the US Securities and Change Fee (SEC) towards exchanges resembling Coinbase and Kraken because of their staking companies.
Robinhood has additionally launched a complete vary of merchandise for its European clients, together with tokenized U.S. shares and ETFs, leveraged crypto futures for eligible buyers, and a brand new Layer 2 blockchain for real-world property.
Robinhood’s new product launch coincided with the first-ever Ethereum Group Convention in Cannes. Following the announcement, the corporate’s inventory hit a file excessive and is up over 100% because the starting of the yr.
New merchandise embody:
- Ethereum and Solana staking within the US: Customers will be capable to earn rewards by contributing to the community validation course of.
- Tokenized shares and ETFs in Europe: Launched on Arbitrum, these property supply 24/5 entry, dividend assist, and 0 commissions.
- New Layer 2 blockchain: Can be developed particularly to tokenize real-world property and allow 24/7 transactions.
- Crypto futures: Out there with 3x leverage through Bitstamp for eligible merchants in Europe.
- Superior buying and selling instruments: Options like good order routing, tax lot administration, {and professional} charting instruments purpose to make crypto extra intuitive.
*This isn’t funding recommendation.
