Robinhood has officially launched Ethereum and Solana staking for U.S. customers, significantly expanding its cryptocurrency offerings. Announced on July 10, the new feature allows users to stake as little as $1 worth of Ethereum or Solana directly through the Robinhood Crypto app.
Staking rewards will be based on the underlying network protocol rates, minus any platform and partner fees. For Ethereum, customer funds are pooled to meet the 32 ETH requirement for validator participation, with users earning between 50% and 100% of the network’s native yield, depending on batch processing factors. Solana staking, on the other hand, is fully managed by Robinhood, allowing users to earn rewards without the need to handle validator setup or ongoing maintenance.
Robinhood’s new staking service is currently unavailable in California, Maryland, New Jersey, New York, and Wisconsin due to local regulatory restrictions. Starting October 1, 2025, the platform will introduce a 25% fee on staking rewards, which includes third-party validator fees and aligns with industry-standard rates.
This move marks a deeper foray into cryptocurrency infrastructure for Robinhood, following its recent acquisition of Bitstamp and its upcoming plans to enter the perpetual futures market, pending approval from the Commodity Futures Trading Commission (CFTC). It also complements the company’s rollout of tokenized stocks in Europe, though those offerings are not yet accessible in the U.S.
Robinhood’s entry into staking had previously been delayed due to regulatory uncertainty, especially after enforcement actions by the Securities and Exchange Commission (SEC) against other platforms. With a more stable regulatory environment now emerging, the company is joining the ranks of competitors like Coinbase in offering yield-generating services popular among both retail and institutional investors.
Staking Ethereum or Solana through Robinhood requires no technical expertise or hardware setup. The platform handles all validator operations behind the scenes, offering users a simplified, accessible way to participate in blockchain networks. This approach aligns with Robinhood’s broader mission to lower barriers and make crypto more approachable for everyday users.
