Robinhood Disrupts Finance Again: Ethereum and Solana SOL Staking Now Live
Robinhood just handed retail investors the keys to crypto's passive income kingdom—with ETH and SOL staking now live on its platform. No more begging institutional gatekeepers for yield crumbs.
Staking Wars Heat Up
The zero-commission broker is muscling into Coinbase's territory by offering up to 5% APY on Ethereum and Solana stakes. No lock-up periods. No minimums. Just the sweet, sweet dopamine hit of compounding crypto rewards.
Wall Street's Nightmare
This move torches two sacred cows at once: the idea that staking requires technical expertise, and that banks deserve a 50% cut for 'facilitating' investments. The app now lets users flip the middle finger to traditional finance with every stake.
Cynical Take: The staking feature conveniently launches as Robinhood's stock hits a 12-month low—nothing boosts user engagement like desperation masked as innovation.
Robinhood’s “To Catch a Token” Even Puts Crypto in the Spotlight
For a limited time, US and EU investors can transfer crypto into Robinhood and earn a 1% deposit boost, with the chance to double it to 2% if total deposits hit the $500M goal.
The Robinhood Gold Credit Card gives US customers cash back on purchases across all categories. Coming this fall, customers can use those rewards to purchase crypto automatically.
:Cortex, an AI-powered investing assistant in the US, will be available later this year. Robinhood Gold members can see curated insights, trends, and event-driven market analysis right inside each token’s detail page. It’s designed to help customers quickly understand price movement and market shifts in real time.
Smart exchange routing evaluates multiple partner exchanges and routes your order to get the best available price across them. Soon, all orders placed through Smart Exchange Routing will qualify for fee tiers, meaning the more you trade, the lower your rate, based on your trailing 30-day trading volume. API support is coming soon.
US customers can also now view and sell specific tax lots for crypto trades, allowing users to strategically choose which lots to sell.
Advanced charts from Robinhood Legend are also coming to mobile, starting with equities and expanding to crypto in August.
Robinhood and Crypto in the EU
In addition, Robinhood announced it WOULD list US stock and ETF tokens in the EU, giving eligible customers exposure to US equities with Robinhood Stock Tokens. These features feature zero commissions or added spreads from Robinhood (other fees may apply), dividend support, and 24/5 access. Now, European customers will have access to 200+ US stocks and ETF tokens.
Furthermore, Robinhood is introducing crypto perpetual futures in the EU, offering eligible customers access to a new class of derivatives with continuous exposure and up to 3x leverage. Perpetuals will be 100% rolled out to eligible customers by the end of the summer, according to the firm’s announcement. “This launch will mark an important step in serving active traders across the globe with advanced trading tools in an intuitive platform.”