Gemini has launched new staking services for Ethereum and Solana in the UK, allowing users to earn passive income by participating in proof-of-stake networks.

The staking service removes the previous minimum requirement of 32 ETH, making staking more accessible for retail users, with up to 6% APR on SOL and variable rates for ETH.

Staking involves locking tokens to help secure proof-of-stake blockchains, with rewards accruing daily and tracked within the Gemini app.

This expansion follows Gemini's opening of its first permanent UK office in London, signaling a strategic effort to strengthen its presence in Europe.

The move to expand in the UK is part of Gemini’s broader efforts to grow its footprint in the region after establishing a permanent office in London.

Gemini recently obtained a Markets in Crypto Assets (MiCA) license from the Malta Financial Services Authority, supporting its expansion across the European Union.

The move comes amid rising competition among exchanges offering staking, with yield rates and ease of access serving as key differentiators.

Gemini emphasizes the simplicity of staking with no minimum deposit, daily rewards, and institutional-grade security for user assets.

The platform also highlights its secure custody solutions and aims to make staking accessible and secure for all users.

Users can access staking through the Gemini app or web, selecting their preferred crypto and choosing to stake or buy more for staking.