Robinhood Crypto introduced Ethereum (ETH) staking to its platform to make ETH staking accessible to European users. In a statement released today (Tuesday), the company mentioned that the new service also expands the options available to experienced crypto users.

The offering reportedly includes an exclusive, limited-time offer of 100% match on staking rewards for earnings up to €10,000. This followed the success of Solana (SOL) staking, which was launched on the platform earlier this year.

Staking for Rewards

Ethereum staking involves locking up ETH to help secure and operate the network, a process that earns users rewards over time. However, staking can feel daunting to new investors.

Robinhood addresses this by offering a simplified staking experience where users can easily stake and unstake their assets. This customer-focused approach lowers the barrier to entry for Ethereum staking, making it accessible to a wider audience.

Robinhood Crypto will mark the launch by offering a 100% earnings match for ETH staking rewards up to €10,000. According to the company, the bonus will apply to Solana staking and promises to provide investors with an opportunity to maximize returns.

This reward doubles the appeal for crypto holders looking to grow their investments while supporting blockchain networks like Ethereum and Solana.

Expect ongoing updates as this story evolves.