Robinhood wallet adds support for Solana

Robinhood has officially added Solana support to its Wallet, expanding the platform’s cryptocurrency offerings.

Robinhood Crypto General Manager Johann Kerbrat announced this integration, which will allow users to self-store Solana (SOL) and trade on the Solana blockchain.

The move falls in line with Robinhood’s broader strategy to evolve 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 crypto

Robinhood showed increased interest in the crypto space earlier this year, most notably by purchasing crypto exchange Bitstamp.

Robinhood has begun using its newly acquired Bitstamp license to offer crypto futures in the U.S. and Europe. The company plans to offer Bitcoin and Ethereum futures trading in the U.S., but an official launch date has yet to be set as negotiations are ongoing.

The move comes after Robinhood acquired Pluto Capital in July, which further enhanced the company’s crypto offerings and attracted retail crypto customers.

The addition of Solana will allow Robinhood Wallet users to more effectively manage their SOL holdings, as well as provide the ability to securely send, receive, and store SOL.