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JUN 22, 2023
Gemini Staking Pro Is Now Live in the UK!
We are excited to announce the expansion of Gemini Staking Pro to the United Kingdom. UK users with 32 ether (ETH) or more can now seamlessly launch dedicated validators on Ethereum, facilitated by Gemini.
Gemini Staking Pro is already live in the United States (excluding New York), Singapore, Hong Kong, Australia, Brazil, and more than 30 other countries.
What is Staking Pro?
Gemini Staking Pro is a crypto staking product built specifically for institutions and high-net-worth individuals. Gemini users with 32 ETH or more can run dedicated validators on Ethereum, through Gemini’s simple and secure user interface. Note: UK users can start staking ETH today on the Gemini web interface, with in-app support coming soon.
Benefits of Staking Pro
- Complete control over your Ethereum validators — Gemini will set up dedicated Ethereum validators for each Staking Pro client.
- Validator transparency — Access and audit information about each of your validators by using on-chain monitoring tools, including validator, reward payments, and fees.
- Segregated reward addresses — Staking rewards are deposited into a segregated ETH address. You also have the flexibility to withdraw your rewards or all your staked ETH at any time (subject to the relevant unbonding time).
Why Stake on Gemini?
Staking is central to Proof-of-Stake consensus mechanisms, whereby users pledge crypto to securely validate transactions on a blockchain network and receive tokens as a reward.
However, as you may have experienced before, there are challenges when it comes to running your own validator node. Small mistakes can lead to network-imposed penalties and even losing the tokens you’ve staked (commonly referred to as ‘slashing’). This can make staking a daunting task for the inexperienced.
At Gemini, we simplify the staking process for you. With Gemini operating the validator nodes, users can stake their assets with more confidence and without the technical know-hows. In fact, Gemini will reimburse you for certain penalties imposed in connection with staking. It’s the best of both worlds – the benefit of decentralization with the power of Gemini.
Start Staking
Getting started is fast, easy, and secure.
- Log in to your verified Gemini account via your web browser. In-app support coming soon!
- Click the “Grow” tab.
- Select ETH to stake and click “Start Staking.”
- If you already own ETH, you can select “Transfer trading balance.” Otherwise, click “Buy new crypto,” and you’ll be prompted to choose whether you want to make a one-time or recurring purchase.
- Confirm the transfer and start receiving staking rewards!
Reminder: to use Gemini Staking Pro you must hold or buy at least 32 ETH.
Click here to learn more about Gemini Staking.
We are thrilled to continue providing avenues for users around the world to participate in the blockchain ecosystem as we advance our mission to unlock the next era of financial, creative, and personal freedom.
Onward and Upward!
Team Gemini
Staking services are provided by Gemini Trust Company and are not regulated by the Financial Conduct Authority.
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