Gemini, a crypto exchange supported by Tyler and Cameron Winclevos, has launched Ether (ETH) and Solana Sol$206.75 Staking along with permanent futures contracts for European Union customers said in a press release Friday.
This rollout follows the company’s recent approval based on the EU market in Crypto Regulation (MICA).
Gemini Staking allows users to earn rewards with Ether and Solana without the need for a minimum amount. The company says the compensation is up to 6% for ETH and SOL.
The new derivative product, Gemini Perpetuals, offers USDC-derived contracts, up to 100x leverage, and non-expiration contracts. Works under Gemini’s Mifid II license.
This extension occurs after Gemini migrates to a new Malta-based entity to comply with MICA. The company said the move reflects its focus on Europe as a growth market for crypto trading and regulated investment products.
“We are on our mission to democratize access to alternative, risk-managed financial products. We are one of the few European crypto exchanges offering this diverse suite of products with an intuitive and secure platform,” said Mark Jennings, Gemini’s CEO of Europe.
“Europe remains a strategic focus for Gemini,” he added.
Crypto Exchange recently expanded its staking service in the UK, allowing all customers to directly earn Ether and Solana rewards through the platform.
read more: Crypto ExchangeGemini introduces Ether and Solana staking for all UK customers