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The cryptocurrency and stock trading platform Robinhood‘s crypto division, Robinhood Crypto, announced the launch of a Solana (SOL) staking product for its European users. The company also revealed a bonus program for new users.
Robinhood Crypto’s Solana (SOL) and Bonus Announcement
Robinhood Crypto offers European users the opportunity to stake their SOL directly through the Robinhood app, allowing them to earn rewards. Moreover, users can benefit from the flexibility to withdraw their staked SOL at any time.
Additionally, Robinhood Crypto is offering a 10% bonus on net purchases for the first 30 days to attract new users in Europe. As detailed in the company’s announcement, this bonus will be paid in the stablecoin USD Coin (USDC). This initiative underscores Robinhood Crypto’s commitment to enhancing user experience and providing additional earning opportunities for its customers.
Robinhood Crypto’s Vice President Johann Kerbrat mentioned that the company closely monitors customer feedback. Kerbrat stated, “Since its launch at the end of last year, our customers in Europe have clearly and loudly expressed their desire for an app with local language support and products that help them earn additional passive income.” According to him, these customer demands led to the development and launch of the Solana staking product and bonus program.
Robinhood Crypto Prepares to Expand to Different Countries
Meanwhile, Robinhood Crypto plans to roll out localized versions of its app in the coming weeks. These versions will cater to users in Italy, Poland, and Lithuania, addressing the demand for local language support and enhancing the overall user experience. The company highlighted the app’s popularity in these countries, noting a strong market presence and user base in these regions.
The launch of the Solana staking product and the 10% bonus program is part of Robinhood Crypto’s strategic efforts to expand its services and attract new customers to its platform in Europe. Overall, the company aims to strengthen its position in the European market and meet the evolving needs of its users by offering local language support and passive income opportunities.
