PANews reported on November 28 that according to Crowdfund Insider, Robinhood announced the launch of an Ethereum staking service, through which European users can earn returns on their ETH holdings. In addition, earlier this year, Robinhood Crypto launched the Solana staking service in Europe.

Johann Kerbrat, general manager and vice president of Robinhood Crypto, said that the staking service is a highly demanded feature by users, but it may be complicated for cryptocurrency novices. Robinhood simplifies the staking process, allowing users to efficiently contribute to the security of the ETH network while earning returns.