Robinhood launches Ethereum and Solana staking services, continuing to expand its cryptocurrency business.

According to ChainCatcher, Fortune magazine reports that Robinhood is ramping up its cryptocurrency business.

According to the company, starting Tuesday, the trading app will launch Ethereum and Solana staking services in New York, allowing customers to earn yield through cryptocurrencies. The company will allow New York customers to stake and plans to expand its operations nationwide. Robinhood also announced its expansion into the global cryptocurrency market. In Europe, it will add perpetual futures contracts for several cryptocurrencies, and it will also enter the Indonesian market after agreeing to acquire a brokerage firm and cryptocurrency platform in the country.