Official announcements from Robinhood

Robinhood Launches Solana Staking in Europe with 5% APY, Bonus Program

May 15, 2024, 09:01 AM

Robinhood's European crypto branch has launched Solana (SOL) staking services, offering approximately 5% annual percentage yield (APY) at launch. The new feature allows users in Europe to stake their Solana holdings directly through the Robinhood app. Solana is noted to be one of the most popular cryptocurrencies among Robinhood's EU customers. This move follows Robinhood's decision to remove Solana from its U.S. platform last June after the SEC accused it of being an unregistered security. Additionally, a bonus program for new customers has been introduced as part of the launch.