11/26/2024 | Press release | Distributed by Public on 11/26/2024 03:08
Today, Robinhood Crypto is announcing the launch of Ethereum (ETH) staking, enabling European customers to seamlessly earn rewards on their ETH holdings. For a limited time, Robinhood Crypto is offering a 100% match on staking earnings, up to €10,000.
ETH staking allows customers to contribute to the Ethereum network's security and efficiency while earning rewards on their ETH holdings. With Robinhood Crypto, the staking process is designed to be seamless and flexible, enabling customers to stake and unstake their ETH easily.
This launch builds on the introduction of Solana (SOL) staking on Robinhood Crypto in Europe earlier this year. For a limited time, customers can earn 100% match on earnings for both ETH and SOL staking.
"Robinhood's platform is built with our customers at the center. Staking has been a highly requested feature but can also be intimidating to newcomers to crypto. We've simplified the staking process to ensure users can contribute to the security of the ETH network while also earning rewards efficiently," said Johann Kerbrat, GM & VP of Robinhood Crypto. "This offering underscores our commitment to empowering ETH holders."
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Disclosures:
This is a limited time offer, subject to change. Maximum of €10,000 rewards per customer. Other terms apply.
Crypto markets are highly volatile, and trading or holding crypto can lead to loss of your assets. Crypto is not legal tender, and is not backed by any government or covered by any government compensation scheme.
Crypto services are offered for eligible customers through an account with Robinhood Europe, UAB (company number 306377915), with its registered address at Mėsinių 5, LT-01133 Vilnius, Lithuania ("RHEC"). RHEC is registered according to the regulatory requirements of the Republic of Lithuania as a virtual currency exchange and virtual currency depository wallet operator. RHEC is supervised by the Lithuanian Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania. RHEC is registered under No. RDWW-1076 in the register of virtual currency activities, kept by the Director of the Tax Administration Chamber in Katowice, in accordance with the Anti-Money Laundering and Counter-Terrorist Financing Act applicable in Poland. RHEC is also registered according to the regulatory requirements of the Republic of Italy in the special section of the register of bureaux de change (virtual currency and digital wallet services providers) kept by the Organismo Agenti e Mediatori (OAM) under No. PSV153. RHEC is subject to requirements and obligations applicable in the Republic of Italy in accordance with the Legislative Decree No. 231/2007 as to the prevention of the use of the financial system for the purpose of money laundering and terrorist financing and, to this end, is supervised by the Finance Intelligence Unit (Unità di Informazione Finanziaria - UIF) of the Bank of Italy.