Robinhood recently introduced Ethereum (ETH) and Solana (SOL) staking services to its users in the United States. Investors that hold just 1 ETH or SOL now have access to this new feature, making it easy and affordable to start staking. They can now get rewarded right through their Robinhood accounts!

You can stake ETH and SOL directly from the Robinhood app now. This unique feature allows you to directly engage in the validation processes of these leading blockchain networks. By providing this service, Robinhood gives users a great way to earn passive income on their crypto investments.

Robinhood has officially announced that all these services are now open to U.S. customers. Yet Robinhood’s staking service continues to be region-restricted, demonstrating a wait-and-see compliance approach state-by-state. This holistic approach highlights the challenges of moving forward through the existing policy gauntlet in the U.S.

This major strategic expansion is yet another indication of Robinhood’s pledge to improving its cryptocurrency offering. Led by CEO Vlad Tenev, the company aims to democratize access to financial markets, including the burgeoning world of digital assets.

"Crypto was built by engineers for engineers, and has not been accessible to most people. We’re onboarding the world to crypto by making it as easy to use as possible—with the goal of bringing powerful tools into one intuitive platform.” - Johann Kerbrat, GM, and SVP of Robinhood Crypto

The message from Johann Kerbrat, GM and SVP of Robinhood Crypto, is clear: By making crypto more accessible to a wider audience, we can expand the participant base. This project fits neatly into Robinhood’s overarching goal of democratizing finance by making complex tools accessible to the average user.

The new development which brings this practice into the regulatory spotlight is the launch of staking services. The lack of a clear and unified federal policy is slowing crypto’s progress toward entering the American mainstream. In addition, state-level discrepancies further complicate nationwide crypto regulations.

Users should be pleased by the availability of this new earning potential through Robinhood’s staking offerings. In the U.S., the long-term sustainability of staking is still unclear with the continued development of regulatory frameworks.