Cryptocurrency exchange Gemini, founded by the Winklevoss twins, has announced an expansion of its services in Europe with new staking and derivatives offerings.
Gemini's Expansion in Europe
Gemini launches staking for users in the European Economic Area, allowing them to stake Ether and Solana, as well as trade perpetual contracts denominated in the USDC stablecoin.
Popularity of Derivatives Amidst Declining Spot Trading
The increased interest in derivatives on the platform comes as spot trading volumes have dropped by 32% in the first two quarters of 2025. Jennings noted that the global derivatives market is projected to be worth $23 trillion by the end of 2025.
Surge in Ethereum Staking in Europe
According to CoinLaw data, staking participation in Ethereum in Europe grew by 28% in 2025, reaching a total of $90 billion staked. Jennings asserts that staking is becoming increasingly popular among professional retail investors.
Gemini's expansion in Europe and the growth of Ethereum staking indicate a rising interest in cryptocurrencies and financial instruments in the region.
