Popular cryptocurrency exchange Robinhood has announced that Solana (SOL) staking is now available to European users. According to the announcement, consumers can stake their SOL tokens through the Robinhood app. Users can receive incentives for their staked tokens and unstake them at any time.
According to Johann Kerbrat, VP and GM of Robinhood, ‘Since launching at the end of last year, our customers in Europe have told us loud and clear that they want an app that provides local language support and products that help them earn additional passive income.’
Kerbrat further added, ‘Robinhood Crypto is already one of the lowest cost places to trade on average with an easy-to-use interface that prioritizes education. Today’s news is a significant step forward in our mission to offer customers a more tailored in-app experience that meets their specific needs and helps them on their financial journey.‘
Solana to Spike by 12.8%
Clients in Europe may line up to buy SOL coins. Staking could be what clients seeking passive income are looking for. As a result, the opportunity may drive up SOL purchases, resulting in a price increase.
According to CoinCodex, Solana (SOL) will remain at current prices for the next few weeks. However, the platform expects SOL to reach $162.62 on June 7, 2024. Hitting $162.62 from current levels would be a 12.8% increase.
Over the coming weeks, Changelly paints a similar picture for Solana (SOL). The platform forecasts that SOL will trade at current levels for the rest of the month. However, Changelly expects SOL to rise to $166.43 on June 7, 2024.