European Investors Can Now Enjoy Solana (SOL) Staking Services from Robinhood

Wednesday, 15 May 2024, 12:03

Robinhood Crypto has launched Solana staking for European users, offering a new way to earn rewards with flexibility. The introduction of localized app versions enhances accessibility and user experience. Despite positive performance, Robinhood faces increased SEC scrutiny following impressive financial results.
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European Investors Can Now Enjoy Solana (SOL) Staking Services from Robinhood

Introduction

Robinhood Crypto has launched Solana staking exclusively for European customers, allowing them to earn rewards and unstake at any time.

Enhancements for European Users

  • New customers receive a 10% bonus on net buys in USDC over the first 30 days.
  • The VP of Robinhood Crypto, Johann Kerbrat, highlighted the significance of these features in meeting customers' needs.

Localized Apps and Financial Results

  1. Robinhood Crypto will release app versions in local languages for Italy, Poland, and Lithuania.
  2. The company reported impressive performance in equities trading and crypto assets under custody in the first quarter of 2024.
  3. However, SEC scrutiny over potential violations looms over Robinhood's operations.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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