Robinhood has launched Ethereum and Solana staking for U.S. customers, allowing participation with just $1 and handling validator setup for users to earn 50-100% of protocol rewards on Ethereum.
The service is not available to customers in select states due to restrictions, but users outside these states can start staking either asset with a low entry amount, part of Robinhood's efforts to expand crypto offerings for entry-level investors.
Robinhood's move to staking has been fueled by its increasing focus on crypto offerings, with plans to introduce a 25% commission on staking rewards in 2025 along with third-party provider fees.
The decision to stake Ethereum and Solana aligns with the market strength of these assets, as Robinhood aims to differentiate itself by simplifying staking for retail participants and expanding its digital asset network.