Robinhood starts purchasing stakes in Solana (SOL) in Europe

Solana (SOL) staking is now available to Robinhood Crypto users in Europe, the company stated.

Solana (SOL) staking, localized applications, and crypto awards are just a few of the new features that the trading platform unveiled on Wednesday. In a recent update, Robinhood Crypto suggested that the additional features would attract more consumers.

A new “first-ever crypto staking solution” is available on Robinhood Crypto as the company continues to expand.

Users may now receive incentives from their staked Solana (SOL) tokens directly via the platform’s app, according to the announcement. Users will have the option to unstake whenever they want with this product.

Due to its user-friendly design and emphasis on teaching, Robinhood Crypto is among the most affordable trading platforms on average. VP and GM Johann Kerbrat of Robinhood Crypto stated in a statement that today’s announcement is a big step forward in their objective to provide clients with a more personalized in-app experience that assists them on their financial path and fulfils their unique demands.

A 10% bonus on net buys collected throughout the user’s first 30 days of trading is available to new clients in addition to the staking benefits. U.S. dollars will be used to pay out incentives.

Launched Learn & Earn modules will also help new users, with an emphasis on Bitcoin (BTC), Avalanche (AVAX), and the USDC stablecoin at the moment. Designed specifically to help consumers learn more about various cryptocurrencies, the items are an excellent investment.

Apps with localized features have also been released in Italy, Poland, and Lithuania, with local language versions of the app featuring prominently. In the next weeks, the business will reveal these localized app versions, according to Robinhood Crypto.

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