The company is also working towards catering to the specific needs and preferences of its European users.
Robinhood Crypto has floated a new innovation by launching Solana staking capabilities and a bonus program on its platform. That is according to a Wednesday announcement shared by the company. The dual offering is primarily aimed at serving the evolving needs of its European user base. However, it also bodes well for its efforts to establish its presence in the region. That is, as it continues to create passive income avenues for its users, improving user engagement and making itself more relevant in the business.
Effective immediately, European users of Robinhood Crypto can now use the platform to stake their Solana holdings directly through the app. This innovative feature not only empowers users to earn rewards but also grants them the flexibility to unstake their assets at any given time.
Furthermore, Robinhood Crypto has rolled out an interesting bonus program. The move appears to be aimed at enticing new users to bolster platform adoption. A company statement reads in part:
“New customers can earn a 10% bonus on their net buys over their first 30 days on the platform.”
According to Robinhood, the bonuses will be disbursed in the USDC stablecoins. That is to ensure that recipients do not have to worry about any forms of volatility.
Robinhood Crypto to Launch Localized Apps
Meanwhile, Johann Kerbrat, Vice President of Robinhood Crypto, has confirmed that the company is working towards catering to the specific needs and preferences of its European users. He noted that the company received overwhelming feedback from customers, who expressly told Robinhood that they desire localized language support.
In response to this feedback, Robinhood Crypto is set to launch “localized” versions of its app in the coming weeks. The launch will be tailored to meet the needs of users in key European markets, including Italy, Poland, and Lithuania. The dedicated versions of the app will be equipped with language support and features optimized for the respective regions.
The decision to localize the app stems from Robinhood’s recognition of the uniqueness of its users across different European countries. By offering tailored solutions, the company will be looking to foster deeper connections with its user base. Additionally, the move will also establish Robinhood as a trusted platform for crypto enthusiasts across the continent.
With its latest launches, the Solana staking and the bonus program, Robinhood Crypto is set to cement its place as a forerunner in the European landscape of digital asset trading and investment.
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