robinhood Crypto has announced a series of special innovations for European customers. With these new features, the exchange now allows new customers to stake cryptocurrency and earn rewards. However, this move comes as Robinhood Markets (HOOD.O) received an enforcement notice from the US Securities and Exchange Commission (SEC).
Robinhood Backs Solana
Robinhood announced a new crypto staking product for European customers. Now users solana They will be able to earn rewards by staking their (SOL) assets. This new feature offers users the flexibility to withdraw their staked assets whenever they want.
This announcement is a significant development following the recent fluctuations of the Solana ecosystem. SOL price has fallen 26% in the last 60 days. But it’s still up 24% in the last 90 days. This suggests that the asset’s recent decline was too large to erase overall gains.
Year-to-date (YTD) SOL price is up 42%. However, it has fallen by 6% in the last 30 days. Currently, Solana is trading at an average price of $144, which is still down 44% compared to its all-time high (ATH). Solana has a market capitalization of over $64 billion and is the 5th largest. cryptocurrency maintains its position as a unit.
What’s next?
The exchange noted that it recorded the highest total trading volume since the launch of digital assets such as Bitcoin (BTC), Dogecoin (DOGE), Solana (SOL) and Ethereum (ETH) in Europe. However, BTC is still the most held digital asset on Robinhood Crypto in Europe.
Bitcoin The price has decreased slightly in the last 60 days. However, it is up 48% year-to-date (YTD). BTC has seen a massive increase after receiving approval from the SEC for a crypto-related Exchange Traded Fund (ETF). Bitcoin is trading at an average price of $62,601 at the time of writing.
It was emphasized that Poland, Italy and Lithuania are leaders in Europe in terms of crypto application downloads. This shows that the stock market aims to expand further in these countries. Additionally, improvements are planned to be made in Learn & Earn programs.
The statement also stated that local language versions of Robinhood’s Crypto application will be launched in the coming weeks.
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