Gemini, the renowned cryptocurrency exchange owned by Cameron and Tyler Winklevoss, is making waves once again in the digital currency world. This time, they are expanding their services globally and introducing Ethereum staking to users in the United Kingdom.
In an official announcement made on June 23, the company revealed its excitement about launching Gemini Staking Pro in the UK. This new service allows UK users with at least 32 ether (ETH) to effortlessly set up dedicated validators on the Ethereum network.
Gemini Staking Pro is not new to the scene; it has already been successfully operating in the United States (excluding New York), Singapore, Hong Kong, Australia, Brazil, and over 30 other countries. This expansion into the UK marks another significant milestone for the platform’s growing presence worldwide.
Simplifying The Staking Process With Gemini
What is Gemini Staking Pro? It is a crypto-staking product designed specifically for institutions and high-net-worth individuals. The company users who possess 32 ETH or more can easily run dedicated validators on the Ethereum network using Gemini’s user-friendly and secure interface.
Initially, UK users can begin staking their ETH through the Gemini web interface, with in-app support coming soon.
Staking Pro offers several benefits to users who choose to participate. Firstly, it provides complete control over Ethereum validators. Gemini sets up dedicated validators for each Staking Pro client, ensuring a hassle-free experience.
Additionally, users can access and audit information about their validators through on-chain monitoring tools. This transparency enables them to track validator rewards, payments, and fees.
Another advantage of Staking Pro is the use of segregated reward addresses. Staking rewards are deposited into a separate ETH address, providing an added layer of security and flexibility.
Users can withdraw rewards or even their entire staked ETH whenever desired, subject to the relevant unbonding time. However, the company simplifies the process by taking charge of the validator nodes. It allows users to confidently stake their assets without the need for technical expertise.
Additionally, it offers reimbursement for certain penalties incurred during staking, providing users with peace of mind and the benefits of decentralization combined with the platform’s reliability.
The company said:
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.
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