Gemini, the crypto exchange established by Tyler and Cameron Winklevoss, has rolled out staking services for ether (ETH) and solana (SOL) alongside perpetual futures contracts aimed at its European Union clientele.
The new staking feature permits earnings on ether and solana without requiring any minimum deposit. Users can benefit from varying rewards for ether and up to 6% for solana.
The new perpetual futures contracts will be denominated in USDC, allowing for leverage of up to 100x and having no expiry date. This initiative operates under Gemini’s MiFID II license.
This expansion occurs following the transition of Gemini to a new Malta-based entity in adherence to the EU’s Markets in Crypto-Assets Regulation (MiCA), signifying the company’s aim to bolster its presence in Europe as a thriving market for crypto trading and regulatory investment products.
“We’re on a mission to democratize 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 for Europe.
“Europe continues to be a strategic focus for Gemini.”
The exchange has also broadened its staking offerings in the UK, allowing all customers to earn rewards directly through its platform.
Read more: Crypto Exchange Gemini Introduces Ether and Solana Staking for All U.K. Customers
