Cointelegraph reports that the cryptocurrency exchange Gemini, founded by Cameron and Tyler Winklevoss, is expanding its business in Europe by launching new staking and derivatives services.
Gemini stated to Cointelegraph on Friday that users in the European Economic Area (EEA) can now stake Ethereum (ETH) and Solana (SOL), and trade perpetual contracts priced in the USDC stablecoin issued by Circle.
The launch of these products is made possible by Gemini's approval of the Malta "Regulation on Markets in Crypto-Assets" (MiCA) in August, as well as the authorization under the "Markets in Financial Instruments Directive" (MiFID II) obtained in May.
Mark Jennings, head of Gemini Europe, told Cointelegraph: "Our goal is to become one of the leading exchanges in Europe. Currently, we offer a complete suite of products including spot trading, staking, and perpetual contracts through a single interface in the EU, and we believe Gemini has become a strong competitor."
Gemini's increased focus on derivatives in the EU comes as the momentum for cryptocurrency spot trading (i.e., buying and selling tokens at current market prices) has weakened, particularly due to the diversion caused by exchange-traded funds (ETFs).
According to data from crypto analytics platform TokenInsight, despite the price of Bitcoin (BTC) rising in 2025, spot trading volume fell by 32% in the first two quarters. The second quarter saw a spot trading volume of only $3.6 trillion, while crypto derivatives trading volume reached $20.2 trillion.
Jennings noted, "The global derivatives market has seen explosive growth in recent months." He added that this sector is expected to reach $23 trillion by the end of 2025.
"As cryptocurrencies become more mainstream, the demand for alternative financial instruments for risk management is increasing. Derivatives allow users to execute complex strategies to gain long or short exposure to cryptocurrencies," he added.
Crypto derivatives in the EU are regulated under MiFID II, while staking is indirectly regulated under the MiCA framework, which will come into full effect by the end of 2024.
Research released by CoinLaw in June shows that MiCA has driven significant growth in institutional staking activities in Europe, with EU staking participation expected to surge by 39% in 2025, compared to a 22% growth rate in non-EU regions.
Jennings cited CoinLaw data stating, "Staking is becoming increasingly popular in Europe." The data indicates that Ethereum (ETH) staking deposits in the EU are projected to surge by 28% in 2025 compared to 2024, with total staking amounting to $90 billion.
The executive pointed out, "Gemini's staking services are open to both retail and institutional investors. We believe this service will be welcomed by mature, professional retail investors who want to put their crypto funds to work and earn passive income through a single integrated centralized exchange."
Gemini's launch of staking and derivatives services in the EU comes just days before the exchange officially submitted its initial public offering (IPO) Form S-1 registration statement to the United States. The company expects to sell 16.67 million shares at a price of $17 to $19 per share, raising up to $317 million.
Related: Bitcoin's "frenzy phase" cools down, with $112,000 becoming a key BTC price threshold.
Original article: “Gemini Launches Derivatives and Staking Services for Ethereum (ETH) and Solana (SOL) in Europe”
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