Robinhood to Introduce ETH and SOL Staking in New York on Dec 9
Robinhood will roll out ETH and SOL staking in New York, with plans for nationwide and global expansion, alongside EU perpetual futures and an Indonesian brokerage acquisition.
ETH
SOL
Summary
Robinhood is set to launch Ethereum (ETH) and Solana (SOL) staking services for New York customers on December 9, aiming to enable yields from these assets. The company plans to expand staking availability across the U.S. and enter global markets. In Europe, it is adding perpetual futures trading, and internationally, it is acquiring a brokerage and crypto platform in Indonesia as part of its expansion strategy.
Terms & Concepts
- Staking: Locking cryptocurrency to support network operations and earn rewards.
- Perpetual futures: A type of derivative contract with no expiry, allowing continuous cryptocurrency trading.