Robinhood Launches ETH and Solana Staking in the U.S. with Just $1 Minimum

Robinhood

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Key Takeaways

  • Robinhood now offers ETH and SOL staking in the U.S. with just $1 minimum.
  • Ethereum rewards range between 50% to 100% of the protocol rate.
  • A new Robinhood blockchain on Arbitrum is in the works, supporting tokenized assets and dividend payouts.

Robinhood has officially launched Ethereum (ETH) and Solana (SOL) staking services in the United States, making crypto rewards accessible to users with as little as $1. This move marks a major expansion of Robinhood’s crypto offerings and positions it among leading platforms offering staking with low entry barriers.

Simple, Rewarding Staking for ETH and SOL

Staking allows users to lock up tokens to help validate blockchain transactions while earning passive rewards. On Robinhood, Ethereum stakers can earn between 50% and 100% of the protocol’s staking rate. The exact yield depends on how Robinhood aggregates stakes to meet validator requirements.

Solana staking is equally straightforward. Robinhood users can delegate their SOL without handling the complex technical requirements typically associated with staking. The platform’s custodial model simplifies the entire process, making staking accessible even to crypto beginners.

State-Level Restrictions Still Apply

Despite the broad rollout, staking on Robinhood is not yet available in several U.S. states. Users in California, Maryland, New Jersey, New York, and Wisconsin are currently unable to participate. Regulatory uncertainty previously delayed the platform’s entry into staking, but recent policy shifts have cleared the path for broader availability.

Robinhood plans to expand support in more states as legal clarity improves, aligning with recent efforts by U.S. lawmakers and regulators to standardize crypto-related laws.

Strategic Expansion and Upcoming Blockchain Integration

Robinhood’s move into staking follows its acquisitions of Bitstamp and WonderFi, signaling broader ambitions in the crypto space. Additionally, reports indicate Robinhood plans to launch its own blockchain using Arbitrum technology.

The upcoming blockchain will support stock and ETF tokens, offer 24/7 trading, self-custody, and enable direct dividend payments through the app. These features aim to give users more control and efficiency, blending traditional finance with blockchain technology.

Also Read: Galaxy Digital Warns Robinhood’s Stock Tokenization Could Threaten NYSE

With a $1 minimum, simplified staking process, and competitive rewards, Robinhood lowers the barrier to entry for Ethereum and Solana staking in the U.S. As regulatory clarity improves, the platform is positioned to become a major player in retail crypto services.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.