Gemini, the cryptocurrency exchange helmed by the Winklevoss twins, has unveiled a new suite of offerings tailored for the European Union market. As of this week, crypto enthusiasts in Europe can now partake in staking for Ethereum (ETH) and Solana (SOL), alongside the new Gemini Perpetuals—perpetual futures contracts. This strategic expansion follows the company’s recent approval under the EU’s Markets in Crypto-Assets Regulation (MiCA), marking a pivotal step in its European strategy.
Gemini’s European Gambit
The launch of these offerings underscores Gemini’s ambitions in Europe, a region where the regulatory landscape for cryptocurrencies is both challenging and rapidly evolving. By introducing staking for ETH and SOL, the platform is allowing users to earn rewards without any minimum threshold—an attractive proposition for retail investors. The potential rewards are variable for ETH and can reach up to 6% for SOL, according to Gemini’s announcement.
Meanwhile, the Gemini Perpetuals offer contracts denominated in USDC, providing up to 100x leverage and no expiry date, a tempting option for traders seeking high-risk, high-reward opportunities. These derivatives operate under Gemini’s MiFID II license, aligning with stringent European financial regulations.
Mark Jennings, Gemini’s CEO of Europe, emphasized the importance of this expansion, stating, “We’re on a mission to democratize access to alternative, risk-managed financial instruments. Europe continues to be a strategic focus for Gemini.” His words echo the company’s commitment to making sophisticated financial tools accessible on a secure platform. This expansion aligns with Gemini’s broader goals, as highlighted in our coverage of the Winklevoss Twins’ plans for a $2.3 billion valuation.
A Strategic Shift to Malta
Gemini’s recent transition to a Malta-based entity is a crucial part of its European strategy, aimed at complying with MiCA. The move signifies not just a regulatory alignment but also a commitment to tapping into the growing appetite for crypto trading and investment products in the region. The choice of Malta, a country known for its crypto-friendly regulations, further reinforces Gemini’s dedication to establishing a strong European foothold.
This expansion is not Gemini’s first foray into the European market. The exchange recently broadened its staking services in the U.K., enabling all customers to earn rewards directly through its platform. “Europe is a growth market for us,” Jennings noted, highlighting the region’s potential for crypto innovation and adoption.
The Bigger Picture: Market Trends and Implications
Gemini’s strategic maneuvers come at a time when the cryptocurrency market is witnessing significant developments in Europe. The MiCA framework, designed to provide legal certainty and protect investors, has been a game-changer for crypto exchanges, prompting many to reevaluate their European operations. For a broader perspective on how exchanges are navigating these changes, see our article on Coincheck’s acquisition of regulated prime broker Aplo.
The introduction of Gemini’s new products could potentially influence competitors to bolster their own offerings, sparking a wave of innovation and competition in the region. However, with increased regulatory scrutiny, questions linger about how these dynamics will unfold.
Europe’s appetite for crypto is expanding, but challenges remain. As regulatory frameworks like MiCA evolve, exchanges must adapt quickly to maintain compliance while meeting consumer demand. Gemini’s proactive approach—via diversification and regulatory compliance—sets a precedent that others might soon follow.
Looking Ahead: What’s Next?
As Gemini strengthens its position in Europe, the broader implications for the market are yet to be fully realized. Will other crypto exchanges follow suit and expand their offerings in response? How will the regulatory landscape shape future developments? These questions await answers as the market continues its volatile journey.
For now, Gemini’s move is a bold statement of intent, signaling its commitment to growth and adaptation in an ever-changing industry. It’s a development that keen observers of the crypto space will be watching closely, as the ripple effects could shape the future of digital assets in Europe and beyond.
Source
This article is based on: Crypto Exchange Gemini Expands EU Offering With Staking, Perpetuals
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
