Robinhood launches ETH, SOL staking service for US users with a minimum of 1 USD

Robinhood launched Ethereum staking service (ETH) and Solana (SOL) for customers in the United States on July 10, allowing users to earn staking rewards from their cryptocurrency holdings with a minimum balance of just 1 USD.

This new feature expands Robinhood’s staking service beyond Europe, allowing American customers to participate in blockchain network validation without having to operate the validation process themselves (validator).

For Ethereum, Robinhood will use a batch processing method, pooling customers’ staking amounts together to meet the minimum requirement of 32 ETH for Ethereum validators. Depending on the aggregation mechanism, users can receive between 50% to 100% of staking rewards from Ethereum’s protocol.

Staking Solana is now available, with Robinhood managing the entire technical process, making it easier for individual investors to participate. The company stated that the expansion into staking reflects a strategy focused on user-friendly cryptocurrency services and aligns with their broader digital asset growth strategy.

However, due to legal restrictions in each state, staking services are currently not available to residents of California, Maryland, New Jersey, New York, and Wisconsin.

Starting from October 2025, Robinhood plans to implement a 25% commission on staking rewards, along with fees from third-party providers. Although the total cost is in line with the industry average, Robinhood still maintains a low participation threshold to attract retail users.

The launch of this staking service is part of Robinhood’s aggressive expansion plan into the digital asset space. Recently, the company acquired Bitstamp, one of the oldest cryptocurrency exchanges in the world, to enhance its global presence and capability to serve institutional customers.

Robinhood has also acquired WonderFi, a cryptocurrency platform in Canada, demonstrating its intention to integrate broader financial services around digital assets.

At the beginning of this year, Robinhood announced plans to build its own blockchain on the Arbitrum platform to provide on-chain stock trading and decentralized services (DeFi) directly within its ecosystem.

This platform continues to add more new cryptocurrencies and recently reported that revenue from cryptocurrency transactions accounts for an increasingly large proportion of total transaction revenue.

Previously, Robinhood avoided offering staking services to customers in the United States due to regulatory ambiguity, but they now state that recent changes in the legal environment have allowed the implementation of this service.

Robinhood’s broader cryptocurrency strategy aims to position the company as a user-friendly entry point for retail investors into the world of digital assets, while also being a formidable competitor to top cryptocurrency exchanges.

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