Gemini has announced the launch of new services in Europe, including staking for ETH and SOL, as well as perpetual futures contracts.
New Staking and Futures Services
Gemini has expanded its services in Europe with the launch of staking products for Ethereum and Solana, as well as new perpetual futures contracts offering up to 100x leverage. The exchange received approval under the EU's Markets in Crypto-Assets Regulation (MiCA), enabling it to operate across multiple jurisdictions. The staking service has no minimum deposit requirement, allowing users to stake any amount of ETH or SOL. Gemini offers up to 6% APR on SOL staking, while ETH staking provides a variable rate.
Market Strategy
With staking and futures, Gemini aims to reach a broad range of users in the European market. No minimum staking requirements lower barriers for retail investors looking to earn passive income on crypto holdings, while high-leverage perpetual futures could attract experienced traders. Mark Jennings, Gemini’s CEO of Europe, noted: 'We’re on a mission to democratize access to alternative, risk-managed financial instruments.'
Regulation and User Opportunities
Gemini has transitioned to a cryptocurrency asset services provider based in Malta, receiving MiCA approval. This framework enables Gemini to offer its services throughout the European Economic Area, along with its MiFID II derivatives authorization. Gemini also provides complex strategies for professional traders, allowing for long and short positions in ETH and SOL with 100x leverage. Regulatory developments and investor interest create a competitive environment.
Gemini's expansion in Europe highlights the growing interest in crypto assets and product diversity, opening up new opportunities for both retail and professional traders.
