Gemini Expands in Europe with Ethereum and Solana Staking Services

Gemini Expands in Europe with Ethereum and Solana Staking Services

Gemini introduces Ethereum and Solana staking, as well as USDC perpetual contracts, under its MiCA compliance approval, expanding its regulated services in Europe.

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Fact Check
The statement is confirmed by numerous credible sources, including a primary source from Gemini's official blog (Source 9) and major crypto news outlets like Coindesk (Source 1 & 10). The evidence is recent, consistent, and directly states that Gemini has launched Ethereum and Solana staking for EU customers.
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Summary

Gemini has launched Ethereum and Solana staking services in the European Union with no minimum requirement, offering up to 6% annual rewards on Solana and variable returns on Ethereum. The exchange also introduced USDC-denominated perpetual contracts with up to 100x leverage and no expiry. These services are enabled by Gemini’s approval under the EU’s MiCA regulation, further solidifying its regulatory presence in Europe.

Terms & Concepts
  • Staking: A process where users lock their cryptocurrency to support network operations, earning rewards in return.
  • Perpetual Contracts: A type of derivative that allows traders to speculate on the price of an asset without an expiration date, often with leverage.
  • MiCA (Markets in Crypto-Assets Regulation): A European Union regulatory framework aimed at harmonizing crypto-asset markets across member states.