The Gemini crypto exchange will offer support for clients throughout the U.S. to earn and store staking rewards in their Gemini accounts.
Gemini’s announcement comes as other crypto firms expand their staking offerings ahead of the Ethereum blockchain’s much-anticipated Merge, which will shift the protocol from proof-or-work to a faster, more energy-efficient proof-of-stake model. After years of delay, The Merge is now scheduled to occur on Sept. 15.
Gemini Vice President of Product Layla Amjadi said investor interest driven by the Merge was integral in the firm’s decision to introduce its staking services.
“It's now more clear than ever that people are interested in staking, especially now that we're on the cusp of the Ethereum Merge,” Amjadi told CoinDesk. “With Ethereum being a staking option for them on Gemini soon and after the Merge, and with there being more liquidity and higher yields, staking is becoming more and more appealing for people.”
Gemini’s support services will...
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