Robinhood rolls out ETH and SOL staking for U.S. users with just $1 

Robinhood launched Ethereum (ETH) and Solana (SOL) staking services for U.S. customers on July 10, enabling users to earn staking rewards on their crypto holdings with as little as $1.

The feature expands Robinhood’s staking offerings beyond Europe, allowing American users to participate in blockchain validation without the need to run their own validators.

For Ethereum, the company will apply a batch-processing method, pooling customer stakes to meet the network’s 32 ETH minimum validator requirement. Depending on how the aggregation functions, users can expect to receive between 50% and 100% of Ethereum’s protocol staking rewards.

Retail-friendly staking, institutional growth strategy

Solana staking is also available starting July 10, with Robinhood handling all technical processes. The goal is to simplify access and drive participation among retail investors.

The company said this expansion into staking reflects its continued focus on user-friendly crypto services and aligns with its broader digital asset growth strategy.

However, due to state-specific regulatory restrictions, staking will not be offered to users residing in California, Maryland, New Jersey, New York, and Wisconsin.

Looking ahead, Robinhood plans to introduce a 25% commission on staking rewards beginning October 2025, in addition to third-party provider fees. The company noted that while the combined fees are in line with industry standards, it aims to maintain a low entry threshold to attract and retain retail users.

The launch follows Robinhood’s aggressive push into digital assets. The company recently acquired Bitstamp, one of the world’s oldest crypto exchanges, and WonderFi, a Canadian crypto platform, as part of its strategy to integrate broader financial services into its crypto ecosystem.

Florida Attorney General investigates Robinhood over alleged misleading crypto claims

Earlier Florida’s top law enforcement officer has launched a formal investigation into Robinhood, accusing the trading platform of misleading consumers by claiming it offers the lowest-cost crypto trading services.

In a statement released Thursday, Florida Attorney General James Uthmeier said Robinhood may have violated the state’s Deceptive and Unfair Trade Practices Act. The office has issued a subpoena demanding key documents from the company related to its crypto marketing and fee disclosures.

Despite the allegations, Robinhood maintains that it operates with full transparency. Lucas Moskowitz, the company’s general counsel, told Cointelegraph that “customers trade crypto on Robinhood at the lowest average cost,” and emphasized that the platform clearly communicates any associated fees.

Crypto is a vital component of Florida’s financial future, said Uthmeier, emphasizing that “when consumers buy and sell crypto assets, they deserve transparency in their transactions.”

Investors appeared unfazed by Florida’s probe into Robinhood, as the company’s stock rose 4.4% to close at $98.70 on Thursday, buoyed by a broader crypto market rally.