Robinhood Launches ETH and SOL Staking Services, Available to US Users

According to Cryptoslate, Robinhood launched $ETH and $SOL staking services for U.S. users on July 10, requiring a minimum holding of only $1 worth of crypto assets to receive staking rewards. This move marks the expansion of its staking business from Europe to the U.S. market, allowing users to participate in blockchain network validation without running validation nodes. In terms of $ETH staking, Robinhood uses a batch processing mechanism to concentrate user tokens to meet the 32 $ETH requirement for a single validator, and users can receive 50% to 100% of the protocol rewards. The $SOL staking service was also launched simultaneously, with Robinhood responsible for all technical processes, further lowering the barrier to entry for retail investors. Due to regulatory policies, users in California, Maryland, New Jersey, New York, and Wisconsin are temporarily unable to use the service. The platform also plans to charge a 25% commission on staking rewards starting in October 2025, as well as additional third-party service provider fees. [ChainCatcher]