Robinhood Crypto, part of Robinhood Markets (Nasdaq: HOOD), is announcing the launch of Ethereum (ETH) staking, enabling European customers to seamlessly earn rewards on their ETH holdings.
For a limited time period, Robinhood Crypto is reportedly offering a “100% match” on staking earnings, up to €10,000.
As explained in the update from Robinhood Markets, ETH staking allows customers to contribute “to the Ethereum network’s security and efficiency while earning rewards on their ETH holdings.”
With Robinhood Crypto, the staking process is designed to be seamless and flexible, enabling customers to “stake and unstake their ETH easily.”
This launch builds on the introduction of Solana (SOL) staking on Robinhood Crypto in Europe earlier this year.
For a limited time, customers can earn “100% match” on earnings for both ETH and SOL staking.
Johann Kerbrat, GM & VP of Robinhood Crypto said that Robinhood’s platform is built with our customers at the center.
Kerbrat added that staking has been “a highly requested feature but can also be intimidating to newcomers to crypto.” They also mentioned that they’ve simplified the staking process to “ensure users can contribute to the security of the ETH network while also earning rewards efficiently.”
Kerbrat also stated that this offering underscores their “commitment to empowering ETH holders.”
As covered last month, Robinhood has introduced a new “visual identity” that aims to reflect Robinhood’s growth and vision for the foreseeable future.
When Robinhood was first established, they claim to have set out to build a platform that gives everyone improved access to the financial markets.
During the past 10 years, Robinhood says they’ve played a role in transforming the industry for the “better,” reportedly becoming one of the first U.S. retail brokers to offer commission-free trading, and saving investors “billions” in the process.
Recently, Robinhood Markets noted that they’ve expanded their product offering, ushering in a number of new products and services that help everyone – “regardless of income – trade, invest, and earn.”