Robinhood has officially added support for Solana to its Wallet, expanding the platform’s crypto offerings. Johann Kerbrat, General Manager of Robinhood Crypto, announced this integration, allowing users to self-custody Solana (SOL) and conduct transactions over the Solana blockchain.
Robinhood’s broader strategy now includes enhancing its Web3 wallet by adding more blockchains and digital assets. This follows previous integrations with Ethereum (ETH), Polygon (MATIC), and Bitcoin (BTC).
Robinhood and crypto
Earlier this year, Robinhood demonstrated a growing interest in cryptocurrency by acquiring the crypto exchange Bitstamp. The company utilized its newly acquired Bitstamp licensing to offer crypto futures in the U.S. and Europe. Plans to introduce Bitcoin and Ethereum futures trading in the U.S. are ongoing, though an official launch date is yet to be set.
This move enhances Robinhood’s crypto offerings, including the acquisition of Pluto Capital in July to attract retail crypto clients. The addition of Solana will enable Robinhood Wallet users to manage their SOL holdings more effectively, with the ability to send, receive, and store SOL securely.
