Robinhood Launches Solana Staking in Europe with Exciting New Features
Robinhood Crypto has announced the launch of Solana (SOL) staking in Europe, along with a series of exciting new features.
🚨 Announcing a few new updates to Robinhood Crypto 🚨
— Robinhood Crypto EU (@RobinhoodCrypto) May 15, 2024
First, Solana ($SOL) #staking is now live for eligible European customers 🎉 This allows customers to earn staking rewards on their $SOL holdings with the flexibility to unstake at any time.https://t.co/yioQfCHT2n
/1 pic.twitter.com/J6cH0PMDC6
The U.S.-based financial services firm stated in an official statement via its website that it has unveiled a number of new features tailored especially for its European customers, such as staking, localized apps, cryptocurrency reward programs for new users, and updated learn & earn modules.
We're excited to launch our first-ever crypto-staking product today, which will only be available to our European customers. Customers of Robinhood Crypto now have the option to stake their Solana (SOL) holdings directly through the app, giving them the chance to earn rewards and unstake at any time, Robinhood added.
After 30 days on the platform, new users can receive a 10% bonus on their net purchases. The bonus will be paid in USDC. The customer reward program is part of our strategy to draw in new members and enhance their experience investing in cryptocurrencies, according to the statement.
Johann Kerbrat, VP and GM of Robinhood Crypto, stated, "Since launching at the end of last year, our customers in Europe have told us loud and clear that they want an app that provides native language support and products that help them earn additional passive income."
The company stated that in the coming weeks it will roll out localized versions of the Robinhood Crypto app, starting with users in Italy, Poland, and Lithuania. This feature will allow customers to have their experience translated into their local language, providing them greater comfort and confidence as they make trades and conduct due diligence on their investments.
"Robinhood Crypto has an intuitive UI that puts an emphasis on education, making it one of the least expensive trading platforms overall. Kerbrat concluded that the announcement made today represents a big advancement in the company's goal of providing users with a more personalized in-app experience that caters to their individual needs and supports them throughout their financial journey.
Solana has been among the top 10 cryptocurrencies for years and is one to keep an eye on this year. With Robinhood Crypto in Europe, customers can purchase the token to hold or stake the asset. Over 30 cryptocurrencies are also available to buy and sell on the app.
Disclaimer: This information should not be considered financial advice by any means. Please do your own research before making any investment decisions. The views in the articles are personal opinions only. Whale Insider is not responsible for any financial losses incurred.