Robinhood has officially added support for Solana to its portfolio, expanding the platform’s crypto offerings.
Robinhood Crypto CEO Johann Kerbrat announced the integration, which will allow users to self-hold Solana (SOL) and transact on the Solana blockchain.
The move is part of Robinhood’s broader strategy to enhance its Web3 wallet by incorporating more blockchains and digital assets, following previous integrations of networks like Ethereum (ETH), Polygon (MATIC) and Bitcoin (BTC).
Robinhood and Cryptocurrencies
Earlier this year, Robinhood showed growing interest in the cryptocurrency sector, including acquiring cryptocurrency exchange Bitstamp.
Robinhood has started using its recently acquired Bitstamp license to offer cryptocurrency futures in the US and Europe. The company plans to introduce Bitcoin and Ethereum futures trading in the US, though an official launch date has not yet been set as discussions are ongoing.
The move follows Robinhood’s acquisition of Pluto Capital in July, which further enhanced its cryptocurrency offerings and attracted retail crypto clients.
The addition of Solana will allow Robinhood Wallet users to manage their SOL holdings more efficiently, including the ability to send, receive, and store SOL securely.
