Robinhood launches Solana (SOL) staking in Europe

• Robinhood Crypto has announced launch of Solana (SOL) staking for its customers in Europe.
• New customers will also enjoy a 10% bonus on net buys.

Robinhood is expanding its services and products for users in Europe.

On Wednesday, the trading platform announced it was launching new features that include Solana (SOL) staking, localized apps and crypto rewards among others. The new features will target new customers, Robinhood Crypto said in an update.

Robinhood launches SOL staking in Europe

As part of its growth efforts, Robinhood Crypto now offers its “first-ever crypto staking product”.

The platform said Solana (SOL) staking is now available directly via its app, which means users can earn rewards from their staked SOL tokens.

The product will offer the flexibility of users being able to unstake at any time.

“Robinhood Crypto is already one of the lowest cost places to trade on average with an easy-to-use interface that prioritizes education. Today’s news is a significant step forward in our mission to offer customers a more tailored in-app experience that meets their specific needs and helps them on their financial journey,” Johann Kerbrat, VP and GM of Robinhood Crypto said in a statement.

Staking rewards, bonuses

Other than the staking rewards, new customers have a chance to unlock a 10% bonus on net buys accrued over the user’s first 30 days of trading. Payouts for the bonuses will be in USDC.

New customers will also benefit from the Learn & Earn modules the platform has launched, with initial focus on Bitcoin (BTC), Avalanche (AVAX) and the USDC stablecoin. The products are tailor-made to bolster customers’ knowledge and understanding of different cryptocurrencies.

The new features also include localized apps, with local language versions of the app launched in Italy, Poland and Lithuania. Robinhood Crypto will be unveiling these localized app versions in coming weeks, the company announced.