Robinhood is taking crypto to the next level. The trading app is launching staking for Ethereum and Solana in New York, letting users earn yield on their holdings, with plans to expand nationwide.
Why It Matters
Staking has existed in crypto for nearly a decade, rewarding users who lock tokens to help run blockchain networks. Robinhood’s move makes it easier for mainstream users to participate without managing private wallets.
Regulatory clarity has played a role. Past issues, like Kraken’s $30 million SEC settlement, made staking tricky for exchanges. Robinhood’s launch reflects a looser regulatory environment, giving the company confidence to expand its offerings.
Read More: Solana In 2026
Robinhood’s Crypto Strategy
- Already allows trading of Bitcoin and Ethereum since 2018.
- Acquired Bitstamp for $200M in June 2025 to strengthen its crypto arm.
- Crypto now accounts for 21% of company revenue.
- Expanding globally: launching perpetual futures in Europe and entering Indonesia via acquisition.
Market Context
Robinhood’s staking push positions it to compete with major exchanges like Coinbase, Binance, OKX, and Kraken. Other financial giants are moving too—BlackRock filed for an Ethereum staking ETF recently, signaling growing institutional interest.
In short: Robinhood is turning crypto staking mainstream, strengthening its platform, and staking a claim in both U.S. and global markets.
