Gemini Expands Ethereum and Solana Staking and Derivatives in Europe
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has expanded its services for users in the European Economic Area (EEA). Key updates include:
- Introduction of staking for Ethereum and Solana.
- Availability of trading perpetual contracts denominated in Circle’s USDC.
- Launch of tokenized stocks earlier this year, enhancing service offerings for retail and institutional clients.
The expansion follows Gemini securing a Market in Crypto Asset (MiCA) license from the Malta Financial Services Authority on August 20, allowing operations across all EEA countries. Mark Jennings, Head of Gemini Europe, emphasized that this marks a significant milestone in their regulated expansion.
Additionally, Gemini is preparing for a US Initial Public Offering (IPO), aiming to raise $317 million by offering 16.67 million shares of Class A common stock priced between $17 and $19. This would position Gemini as the third publicly traded digital asset exchange in the US, following Coinbase and Bullish. The IPO application has been filed under the ticker symbol GEMI on the Nasdaq Global Select Market.