Crypto Exchange Gemini Expands EU Offering With Staking, Perpetuals

Gemini, the crypto exchange backed by Tyler and Cameron Winklevoss, has launched ether (ETH) and solana (SOL) staking, along with perpetual futures contracts, for customers in the European Union, the company said in a press release Friday.

The rollout follows the company’s recent approval under the EU’s Markets in Crypto-Assets Regulation (MiCA).

Gemini Staking allows users to earn rewards on ether and solana with no minimum amount required. Rewards are variable for ETH and up to 6% for SOL, the company said.

The new derivatives product, Gemini Perpetuals, offers contracts denominated in USDC, up to 100x leverage, and no expiry date. It will operate under Gemini’s MiFID II license.

The expansion comes after Gemini transitioned to a new Malta-based entity to comply with MiCA. The firm said the move reflects its focus on Europe as a growth market for crypto trading and regulated investment products.

“We’re on a mission to democratise access to alternative, risk-managed financial instruments, and we’re one of the few European crypto exchanges to offer this diverse suite of products with an intuitive, secure platform,” said Mark Jennings, Gemini’s CEO of Europe, in the release.

“Europe continues to be a strategic focus for Gemini,” he added.

The crypto exchange recently expanded its staking services in the U.K., allowing all customers to earn rewards on ether and solana directly through its platform.

Read more: Crypto Exchange Gemini Introduces Ether and Solana Staking for All U.K. Customers