Robinhood Crypto Launches Ethereum Staking for European Customers

Robinhood Crypto has launched Ethereum staking for European customers as part of its crypto expansion. The feature allows users to stake Ethereum (ETH) in a similar way to other staking products that Robinhood has previously introduced, such as Solana (SOL) staking, which offers a return of around 5%.

The company also confirmed that in 2024, it will expand to include more tokens and staking services to serve the needs of users in the region. Robinhood has emphasized that it chose Europe for its development due to the region's clear regulations on crypto assets, which prompted the company to take new steps in this area.

This Ethereum staking service will give users an additional way to earn passive income from their assets, complementing the existing investment options within the Robinhood Crypto platform.