You Can Stake Ethereum, Solana On Robinhood—But Is It Worth The 25% Cut?

Robinhood (NASDAQ:HOOD) has launched staking services for Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) in the United States, enabling users to earn rewards by contributing their crypto holdings to help secure the networks.

The rollout follows a prolonged wait due to regulatory uncertainty that previously kept the firm from offering these services domestically.

With this update, Robinhood users can now stake their ETH and SOL assets directly through the app.

Rewards are distributed based on the respective network’s protocol rates, with Robinhood taking a share depending on the asset and processing structure.

For Ethereum …

Full story available on Benzinga.com