Gemini Expands Staking Services to Ether and Solana for U.K. Customers

Overview

Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has broadened its staking offerings in the U.K. This allows all users to stake ether (ETH) and solana (SOL) directly via the platform.

All customers can stake any amount of ETH or SOL, earning up to 6% APR on solana and a variable rate on ether.
This expansion follows the recent opening of Gemini’s first permanent office in London, emphasizing its commitment to enhancing its presence in this region and competing effectively in the staking market.

Gemini co-founders Cameron and Tyler Winklevoss at White House (Jesse Hamilton/CoinDesk)

Key Details:

Previously, staking on the Gemini U.K. platform required a minimum deposit of 32 ether through its Staking Pro service, but this new functionality eliminates such barriers, paving the way for increased accessibility for retail users.
Gemini’s staking solution aims to simplify the staking process for users participating in proof-of-stake networks.

In conclusion, Gemini’s initiative to launch the staking of these two major cryptocurrencies aligns with its ongoing strategy to solidify its operations in the U.K., especially as competition intensifies in the crypto staking landscape.