Robinhood, One of the Largest Investment Platforms in the US, Officially Launches a First in the US for Two Altcoins

Popular investment platform Robinhood has officially launched Ethereum (ETH) and Solana (SOL) staking service for its US users.

This step allows users to earn rewards by locking their digital assets to ensure network security.

Users will be able to stake ETH and SOL assets on Robinhood's platform. Rewards will be distributed according to protocol rates determined by the respective blockchain networks, minus any applicable fees.

For Ethereum staking, Robinhood creates validator pools by pooling users' stakes to meet the 32 ETH requirement. This method allows users to earn rewards ranging from 50% to 100% of the protocol rate.

However, the service is currently not available in California, Maryland, New Jersey, New York, and Wisconsin. Additionally, starting October 1, 2025, Robinhood Crypto will charge a 25% platform fee on staking rewards. In addition, fees from third-party staking partners will also apply.

Robinhood has previously shied away from staking due to regulatory uncertainty in the US and SEC sanctions on cryptocurrency. However, recent increased legal clarity has made it possible for the platform to enter the space.

*This is not investment advice.