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Reading: Robinhood Crypto Launches Solana Staking
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Latest cryptocurrency news > ALTCOIN > Robinhood Crypto Launches Solana Staking
ALTCOIN

Robinhood Crypto Launches Solana Staking

BH NEWS
Last updated: 15 May 2024 13:06
BH NEWS 2 years ago
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Robinhood Crypto has announced the introduction of a new Solana (SOL) staking product for its European users, along with a bonus program designed to attract new customers. European users now have the option to stake their SOL directly through the Robinhood app, enabling them to earn rewards with the flexibility to withdraw their staked SOL at any time.

Contents
What Does the Bonus Program Offer?Why Did Robinhood Crypto Develop This?Key Takeaways for Users

What Does the Bonus Program Offer?

In a bid to lure new users, Robinhood Crypto is offering an enticing 10% bonus on net purchases for the first 30 days. This bonus will be credited in USD Coin (USDC), underscoring Robinhood Crypto’s dedication to enhancing user experience and providing avenues for additional earnings. This initiative comes as Robinhood Crypto aims to elevate its service offerings for its European clientele.

Why Did Robinhood Crypto Develop This?

Vice President Johann Kerbrat highlighted that customer feedback has played a crucial role in developing these new offerings. Since its European launch last year, users have consistently expressed a need for an app supported in local languages and features that help them generate passive income. These demands catalyzed the launch of the Solana staking product and the new bonus program.

Key Takeaways for Users

– European users can now stake Solana (SOL) via the Robinhood app.
– A 10% bonus on net purchases is available for the first 30 days for new European users.
– The bonus is paid in USD Coin (USDC).
– The app will soon offer local language support for Italy, Poland, and Lithuania.

Robinhood Crypto is also set to roll out localized versions of its app in Italy, Poland, and Lithuania in the coming weeks. This move aims to cater to local demands for language support and improve the overall user experience. The company noted the app’s growing popularity and significant market presence in these countries.

The launch of Solana staking and the 10% bonus program are part of Robinhood Crypto’s strategic efforts to broaden its services and attract new users across Europe. By meeting evolving user needs and providing additional opportunities for passive income, Robinhood Crypto seeks to fortify its position in the European market.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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