- Gemini expands in the U.K. with ETH and SOL staking, with SOL offering up to 6% APR.
- Opening of London office marks Gemini’s push to strengthen European crypto presence.
- MiCA license and XRP credit card strategy position Gemini for growth despite losses.
Gemini has launched Ethereum (ETH) and Solana (SOL) staking for all U.K. customers, offering up to 6% APR on SOL with no minimum entry requirement. The move marks a calculated step to capture both retail and institutional interest in crypto yields. It also follows the opening of Gemini’s first permanent London office, solidifying its presence in the region.
Previously, staking on Gemini’s U.K. platform required a minimum of 32 ETH through its Staking Pro product. By removing the requirement, Gemini opens staking to a broader retail base seeking daily rewards. The company stresses its institutional-grade custody as a safeguard for participants in proof-of-stake networks.
Gemini Expands in The U.K. With Staking and MiCA License
The new service arrives as competition intensifies among global exchanges offering staking. Yield rates and accessibility are key points of difference for users searching for passive income options. Gemini presents its staking interface as simple, transparent, and backed by daily accrual of rewards visible in the application. Its London office would enhance customer connectivity and closer relationships with the regulators in view of the growing control of digital assets.
Regulation is a critical factor shaping Gemini’s approach. On Aug 20, the firm secured a Markets in Crypto Assets (MiCA) license from the Malta Financial Services Authority. The approval enhances its capacity to expand services across the European Union.
The U.K. staking launch is a high-level indication that Gemini aims to expand beyond trading into yield-based products. By simplifying staking, the exchange broadens its customer base while ensuring accessibility for smaller investors. At the same time, the company is modifying its offerings to meet institutional requirements on custody and regulatory compliance.
Gemini Grows With Ripple, XRP Card, and IPO Plans
In line with staking, Gemini has increased its collaboration with Ripple. It launched a U.S.-based XRP rewards credit card based on WebBank. The cashback version earns customers up to 4% XRP on fuel and transport, 3% XRP on dining, and 2% XRP on groceries.
Related: Ripple’s $75M Credit Line to Gemini: Stablecoin Strategy Meets IPO Ambitions
The credit card reflects Gemini’s strategy to integrate tokens and rewards directly into everyday payments. Such products can be extended to Europe, which can be aligned with its physical presence in London. With XRP-based payment instruments added on top of staking access, Gemini would have a compound-interest offering of staking, trading, and consumer payments.
The financial pressures are still evident because Gemini is still working to achieve scale. In the first half of 2025, the firm registered a net loss of $282.5 million. This is in contrast to a loss of $41.4 million during the same period last year. Gemini received a credit facility of $75 million with Ripple to assist in the operations.
Amid the losses, Gemini is planning a public listing in the U.S. The roadmap envisions expanding staking services, opening a London office, and building on its recent EU regulatory approval. The strategy seeks to balance growth with compliance while appealing to both institutional and retail investors.
Gemini’s launch of ETH and SOL staking in the U.K. is more than a new service. It is a calculated signal of intent. By tying yield access, European licensing, and XRP-linked payment offerings into one broader strategy, Gemini is moving to secure a stronger place in the evolving global crypto market.
