Thomas Daniels
Robinhood has officially expanded its cryptocurrency offerings by adding support for Solana to its Wallet. This integration, announced by Johann Kerbrat, General Manager of Robinhood Crypto, enables users to self-custody Solana (SOL) and execute transactions on the Solana blockchain. This strategic move is part of Robinhood’s broader plan to enhance its Web3 wallet by incorporating additional blockchains and digital assets, following previous integrations of networks such as Ethereum, Polygon, and Bitcoin.
Robinhood’s Growing Crypto Ambitions
Earlier this year, Robinhood signaled its increasing commitment to the cryptocurrency market with the acquisition of crypto exchange Bitstamp. Leveraging Bitstamp’s licensing, Robinhood has begun offering crypto futures in the U.S. and Europe. The company is also preparing to introduce Bitcoin and Ethereum futures trading in the U.S., although a launch date has not yet been finalized, as discussions are still in progress.
Additionally, Robinhood’s acquisition of Pluto Capital in July has bolstered its crypto services, further attracting retail cryptocurrency clients. The inclusion of Solana in Robinhood Wallet will now allow users to manage their SOL assets more efficiently, including the capabilities to send, receive, and securely store SOL.
