US neobroker Robinhood (NASDAQ:HOOD) has announced the launch of Ethereum (ETH) staking at its Robinhood Crypto unit, enabling European customers to seamlessly earn rewards on their ETH holdings. For a limited time, Robinhood Crypto said it is offering a 100% match on staking earnings, up to €10,000.
Staking is the crypto equivalent of interest on deposits, allowing passive crypto holders to earn rewards on their holdings, while agreeing not to sell their crypto for a certain period of time.
Robinhood launched in Europe late last year, with a focus on crypto trading.
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,…
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