Gemini launches Ethereum and Solana staking and perpetual futures services in Europe

The virtual asset (cryptocurrency) exchange Gemini has launched Ethereum (ETH) and Solana (SOL) staking services and perpetual futures products for customers in the European Union (EU).

According to crypto-focused media CoinDesk on the 5th, Gemini unveiled these services after receiving approval under the EU's comprehensive crypto-asset regulatory proposal, the MiCA law. The staking products are available with no minimum deposit requirement, with ETH offering a variable reward rate and SOL offering up to an annual 6% yield.

The perpetual futures product, 'Gemini Perpetuals,' is traded in USDC and supports up to 100x leverage. The product is operated under Gemini's Markets in Financial Instruments Directive (MiFID) II license.

Earlier, Gemini moved its headquarters to a Maltese entity to comply with European regulations, and through this expansion has expressed its intention to make the European market a key growth hub.

Mark Jennings, CEO of Gemini Europe, said, "We want to democratize access to alternative, risk-managed financial products," adding, "We will be one of the few European crypto exchanges offering a variety of products on an intuitive and secure platform."