Financial services company based in the United States Robinhood has announced Launch of Solana Staking in Europe In addition, the trading app of the company will also integrate new rewards for European customers who are brand-new to the platform.
Solana’s staking program and its rewards are designed to work together with the mobile application. The company claims that the users will be able to now “stake their Solana holdings directly through the app,” With increased flexibility, according a press release.
Please Read This: Robinhood Reports $26B In Crypto Under Custody in Q1 2024
Robinhood launches Solana Staking service for European Customers
Solana is one of those cryptocurrencies that you should be watching this year. The asset’s value has increased by more than 600% since last year. CoinMarketCap. One of the leading trading apps is now set to implement new stakes for this asset.
Robinhood announced the launch of Solana (SOL), a new staking platform in Europe. The launch of this feature is also accompanied with brand-new rewards for users. The company has stated that the launch of the feature will be aimed at achieving a number of goals. “increase accessibility, improve the user experience, and reinforce our commitment to Europe-based crypto traders.”
Please Read This: Solana Price: How Will May Fare For SOL?
Johann Kerbrat discussed new features with Robinhood Crypto’s vice president, general manager, and CEO, Johann Kerbrat. He described the new features as an opportunity for European traders to gain access. “earn additional passive income” Through the application.
According to a press release, this integration represents Robinhood’s very first crypto-staking offering. The applications will allow customers to stake Solanas (SOL) through their apps. Also, customers will have the option to receive rewards or unstake their Solana (SOL) at any given time.
In contrast, SOL has seen its value increase by 5% in the past 24 hours. It is currently trading at $152 and its market capital has also increased by over 5% during that time period.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
