Robinhood Expands Crypto Offerings: Staking, Global Markets, and AcquisitionsRobinhood, the popular trading app, is significantly expanding its cryptocurrency offerings. Starting this Tuesday, the company will launch staking for both Ethereum and Solana in New York, allowing customers to earn rewards on their digital assets. This move could reshape how many people interact with crypto and is a big step for Robinhood, especially in New York, known for its strict financial regulations. The company plans to roll out this service nationwide, making it easier for more users to participate in the crypto economy. Robinhood is also pushing into global crypto markets, adding perpetual futures contracts in Europe and entering Indonesia by acquiring a local brokerage and crypto platform. These moves, combined with their recent acquisition of Bitstamp, show Robinhoods strong commitment to becoming a major player in the global crypto space, challenging established exchanges like Coinbase and Binance.

The Daily News Now! — Every city. Every story. AI-powered.

---

Hosted on Acast. See acast.com/privacy for more information.