Ethereum (ETH) Staking Coming to Gemini on September 29

Today, we are thrilled to announce that Ethereum (ETH) staking is coming to Gemini on September 29, 2022. To celebrate Ethereum’s momentous shift from proof-of-work (PoW) to proof-of-stake (PoS), users who stake ETH on Gemini through the end of October will stake ETH for free, meaning they will get 15% more rewards on their staked ETH during the month.

In August, we launched Gemini staking, allowing users to stake MATIC quickly and securely within a few steps. Adding ETH staking is an important milestone as we continue to expand our suite of product offerings.

Learn more about Gemini Staking here.

No Fee ETH Staking

To celebrate the launch of ETH staking, we will offer Gemini customers who stake ETH a phenomenal staking benefit beginning on the launch date of September 29, 2022, to October 31, 2022, at 11:59pm EST.

• No fee ETH staking: Customers will receive 15% in ETH rewards above the base staking reward rate when staking with us through the end of October, with this no-fee promotion. You will see your daily staking APY in the Grow tab of the Gemini app.
• No transaction fees with “Buy and Stake”: Customers who use the “Buy and Stake” option to buy and stake ETH with us, will have no transaction fees during the month of October.

Please note that you will not be able to unstake ETH until a future Ethereum network upgrade.

Why Stake Your ETH on Gemini?

At Gemini, we simplify and secure the staking process, allowing you to stake your assets with more confidence in just a few steps. And, we protect your staked assets by reimbursing you for penalties imposed by validators on your staked tokens.

Gemini Staking helps customers avoid challenges with staking while earning rewards quickly and securely:

• Covered Infrastructure Costs and Gas Fees — Gemini will cover any expenses associated with staking and unstaking processes.
• Slashing Protection — Gemini will reimburse you for certain penalties imposed in connection with staking.
• Institutional-Grade Security — With Gemini Staking, customers do not need to manage private keys and their associated risks, and can rely on Gemini’s industry-leading security features.
• No Staking Minimum – Anyone can stake as little as they want. Whenever possible, Gemini will create staking pools and share staking rewards back with customers proportional to the value of their staked ETH.

We will continue to build products to enhance your crypto experience, as we move forward on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini