Gemini, the New York-based digital asset exchange led by Cameron and Tyler Winklevoss, has introduced Ethereum staking services for United Kingdom customers.
The Winklevoss-owned exchange has expanded its proprietary product, Gemini Staking Pro, to the UK, enabling institutions and affluent individuals to stake their Ethereum holdings.
Gemini Launches Ethereum Staking in the UK
Gemini Staking Pro now permits customers to become Ethereum validators. To do so, customers must stake at least 32 Ether (ETH), valued at around $60,000.
This strategic move places Gemini in a unique position as the sole provider of staking services in the UK. It also expands Gemini’s global reach, with the staking product already active in the United States, Singapore, Hong Kong, Australia, Brazil, and more than 30 other countries.
Gemini’s staking services are not regulated by the UK’s Financial Conduct Authority (FCA). Therefore, suggesting a degree of autonomy in its operations.
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Author: Bary Rahma
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