eToro has launched staking for Solana (SOL) and Ethereum (ETH), allowing users to earn rewards by participating in staking activities. Previously, eToro offered staking for Cardano (ADA) and Tron (TRX).
To qualify, users must be in a country where staking is allowed and have held a position in the cryptocurrency for a certain period. Positions held via CFDs, CopyTrader, Smart Portfolios, or short positions are not eligible.
eToro will keep a portion of the staking yield for operational costs. Staking comes with risks, including potential asset value fluctuation and penalties for protocol breaches.
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Adi Lasker Gattegno, eToro’s Director of Crypto Desk, emphasized the importance of staking in proof-of-stake blockchains like Solana and Ethereum, noting the simplicity and security of eToro’s staking process.
Additionally, Robinhood has introduced its first crypto-staking service in Europe for Solana holders.
For Solana, eToro users are automatically enrolled in staking, while Ethereum requires active enrollment. Monthly email updates will inform users about their staking rewards, and users can opt-out anytime.
