Robinhood launched Ethereum (ETH) and Solana (Sol) staking services for US customers on July 10th, allowing users to earn staking rewards with crypto holdings for just $1.
This new feature expands Robinhood’s cross-European staking products, allowing American customers to participate in blockchain verification without directly executing Balidators themselves.
For Ethereum, Robinhood uses a batch processing method that pools the customer’s stocks to meet the network’s minimum 32 ETH validator requirements. Depending on the aggregation dynamics, users can expect to receive 50% to 100% of the staking rewards for Ethereum protocols.
Solana Staking is now available. Robinhood manages all technical processes to simplify participation of retail investors. The company said the expansion to staking reflects its focus on user-friendly crypto services and is consistent with a broader digital asset growth strategy.
However, due to state-specific regulatory restrictions, staking is not available to residents of California, Maryland, New Jersey, New York or Wisconsin at this time.
Starting October 2025, Robinhood plans to introduce a 25% fee on reward staking along with third-party provider fees. Although the total fees reflect the broader industry rates, the company aims to maintain a low entry threshold to attract retail users.
The launch comes as part of a proactive expansion into Robinhood’s digital assets. In recent months, the company has acquired Bitstamp, one of the world’s longest-running crypto exchanges, to enhance its global footprint and institutional capacity.
It also purchases Canadian crypto platform Wonderfi, and demonstrates its intention to integrate a wide range of financial services into its digital assets.
Earlier this year, Robinhood announced plans to build its own blockchain in Arbitrum to provide arts world equity trading and decentralized services directly within its ecosystem.
The platform continues to add new cryptocurrencies, and recently reported that crypto accounts for an increase in transaction-based revenue.
Robinhood previously avoided providing staking to U.S. customers due to regulatory uncertainty, but cited recent changes in the landscape that allow for the deployment of new services.
The company’s broader crypto strategy aims to position it as both a retail-enabled gateway to digital assets and a competitive alternative to major crypto exchanges.