Robinhood Crypto Launches Staking, Localized Apps, and Rewards for European Users
Robinhood’s cryptocurrency platform, Robinhood Crypto, has announced a series of new features designed to improve accessibility and cater specifically to European customers.
These updates come after Robinhood‘s expansion into the EU’s crypto market late last year.
“Our European customers have made it clear they want localized support and ways to earn passive income,” said Johann Kerbrat, Robinhood Crypto’s VP and GM.
“Today’s launch strengthens our commitment to Europe by offering a tailored in-app experience that meets their needs.”
🚨 Announcing a few new updates to Robinhood Crypto 🚨
— Robinhood Crypto EU (@RobinhoodCrypto) May 15, 2024
First, Solana ($SOL) #staking is now live for eligible European customers 🎉 This allows customers to earn staking rewards on their $SOL holdings with the flexibility to unstake at any time.https://t.co/yioQfCHT2n
/1 pic.twitter.com/J6cH0PMDC6
Key features for European users include:
- Staking: Robinhood Crypto introduces its first-ever staking product, exclusive to European users. Customers can now earn rewards on their Solana (SOL) holdings directly within the app, with the flexibility to unstake at any time.
- Welcome Bonus: New customers receive a 10% bonus on their net buys within the first 30 days, paid out in USDC.This initiative aims to attract new users and enhance their crypto investment journey.
- Localized Apps: Robinhood Crypto will launch local language versions of its app in Italy, Poland, and Lithuania,providing a more comfortable user experience with native language support.
- Enhanced Learning: New Learn & Earn modules focused on popular cryptocurrencies like AVAX, BTC, and USDC will help users understand different crypto options while earning rewards. These modules will soon be available in Italian, Polish, and Lithuanian.
Robinhood Crypto has also shared insights gathered from European users since its December launch:
- Bitcoin (BTC), Solana (SOL), Ethereum (ETH), and Dogecoin (WIF) boast the highest trading volume.
- Bitcoin remains the most popular cryptocurrency held by European users.
- Poland, Italy, and Lithuania lead the pack in Robinhood Crypto app downloads.
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