Gemini, the crypto exchange founded and led by Tyler and Cameron Winklevoss, expanded its staking services to the U.K., allowing all customers to earn rewards on ether (ETH) and solana (SOL) directly through its platform, the company said in a blog post Tuesday.
The introduction follows the opening of Gemini’s first permanent office in London, signaling the company’s push to strengthen its footprint in the region.
Staking is the process of locking up tokens to help secure proof-of-stake blockchains in exchange for rewards. Users can stake any amount of ether or solana, with Gemini offering up to 6% annual percentage rate (APR) on SOL and a variable rate for ETH.
Until now, staking on Gemini’s U.K. platform required a minimum of 32 ether through its Staking Pro service. The new offering removes that barrier, making staking more accessible to retail users.
Gemini says its staking product is designed to simplify participation in proof-of-stake networks. Rewards accrue daily and can be tracked in the app, while the company highlights its institutional-grade custody setup as an added layer of security.
The move comes amid increasing competition among exchanges offering staking services, with yield rates and ease of access becoming key differentiators for retail users looking to earn passive income from their crypto holdings.
Last week, the exchange said it had has secured a Markets in Crypto Assets (MiCA) license from the Malta Financial Services Authority (MFSA), strengthening its bid to expand across the European Union.
Read more: Crypto Exchange Gemini Secures MiCA License in Malta, Expands European Footprint