Robinhood's European Crypto Branch Launches Solana Staking with 5% APY

Robinhood Crypto's European branch has launched Solana staking for its users, offering an APY of approximately 5% at launch. The actual yield may vary as staking rewards change over time. This is slightly lower than Coinbase's estimated reward of 5.42% for Solana stakers. Robinhood's decision to launch Solana for its first staking product is largely influenced by the popularity of the SOL token among its EU users. The company is also considering adding staking for other assets in the future.