Institutions
As a reward for correctly adding valid blocks to the blockchain, node operators receive newly minted tokens as rewards, known as staking awards. Staking customers can benefit from these rewards
ISO 27001 and SOC 2 Type 2 certified
How to accrue Staking Pro rewards on crypto
Once you open a Gemini account, with Staking Pro you can purchase a minimum of 32 ETH supported by Gemini Staking and immediately transfer them to Gemini Staking Po to start accruing staking rewards* on your holdings.
The minimum crypto for customers in the UK for Staking Pro is 32 ETH. There are no transfer or redemption fees for staking pro. Gemini’s fee will be deducted from the Staking Pro rewards you accrue.
As a reward for correctly adding valid blocks to the blockchain, node operators receive newly minted tokens as rewards, known as staking awards. Staking Pro customers can benefit from these rewards
Staking Risks:
Staking is essential for the proof of stake (PoS) consensus mechanism. It allows node operators to pledge tokens to a network as a guarantee for correctly performing block validation operations, and receive staking rewards. There are risks associated with staking including liquidity, smart contract, slashing risk that may significantly impact your investment. APYs are indicative and may change over time.
Past performance is not a reliable indicator of future results. The data in this page was sourced in real-time from Gemini and other third-party market vendors. Real-time data may encounter temporary delays due to system performance or downtime. The rewards rate is based on the estimated protocol rate, which is subject to change. Customers will be able to see the latest applicable rates directly within their accounts.
Remember, not all crypto assets are alike, before investing, you should ensure you understand the specific risks involved. To learn more about the risks of specific crypto asset products, please click the link here.
What is Staking?
Proof of Stake
Staking is an essential feature of proof of stake (PoS) protocols. Large PoS protocols including Ethereum, Polygon, Solana, and Polkadot allow users to stake their native tokens and accrue rewards. Staking Pro is offered in the UK, which only provides staking with a minimum of 32ETH.
Staking as an incentive for validators
Blockchain node operators must pledge their tokens, also known as staking, to a network in order to be selected as a block validator. As a reward for correctly adding valid blocks to the blockchain, node operators receive newly minted tokens as rewards, known as staking rewards.
Slashing
Node operators who perform invalid functions (eg. adding a corrupted block to the blockchain) could lose a portion of their pledged tokens, a function known as slashing. Our staking validators are highly effective, and we guarantee to reimburse any losses (slashes) due to our validation process (but not for slashing that occurs for reasons outside our control). See the Gemini Staking Agreement for more details.
Why stake with Gemini?
Staking can be complicated because it typically takes place on a decentralized platform, and requires technical skills to manage your crypto wallet, validate blocks, and claim rewards. Gemini Staking simplifies the process for you and allows customers to generate staking rewards from a decentralized system on a secure and regulated platform. It’s the best of both worlds: the benefit of decentralization with the power of Gemini.
Intuitive user interface
Competitive network rewards
Powerful reporting
Institutions choose Gemini for staking
Companies of any size can benefit from simplified access to the decentralized world of staking all on a secure* and regulated platform. Complete your account application in 20 minutes or less and start accruing rewards. Staking Pro is offered in the UK, which only provides staking with a minimum of 32 ETH.
ISO 27001 and SOC 2 Type 2 certified
Staking Method
Staking
No minimum amount
Reward is shared proportionally among participants
Can't track position on-chain
Rewards are in a single address
Not available in the UK
Staking Pro3
Minimum amount imposed by the network
Reward is not shared with anyone
Access to on-chain information including validator and reward payments
Rewards are in a segregated address
Staking Pro is available to customers residing in the UK and is subject to a minimum staking of 32 ETH
This is only available for ETH staking
Why choose Gemini?
Gemini is one of the safest* cryptocurrency exchanges where you can buy, sell, store, and accrue staking rewards on crypto and other cryptocurrencies.
Adherence to industry leading security standards*
Gemini is a New York trust company regulated by the New York State Department of Financial Services (NYDFS). We are subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the NYDFS and the New York Banking Law—on par with traditional financial institutions.
ISO 27001 and SOC 2 Type 2 certified
Crypto Security
The majority of your crypto is held in our offline, air-gapped Cold Storage system. Only a small portion is held in our online Hot Wallet, which is insured against certain types of losses.
Account Security
Two-Factor Authentication (2FA) is required when you log in to your account or make crypto withdrawals.
Learn more about our commitment to security
We are proud to have been awarded The Ascent’s Best-Of 2022:
Best Cryptocurrency Exchange Overall
Best Cryptocurrency App for Earning Interest
Best Cryptocurrency App for Beginners
Frequently asked questions
What is Staking?
Staking is an essential feature of proof of stake (PoS) protocols. Large PoS protocols including Polygon, Solana, and Polkadot allow users to stake their native tokens and earn rewards. Blockchain node operators must pledge their tokens, also known as staking, to a network in order to be selected as a block validator. As a reward for correctly adding valid blocks to the blockchain, node operators receive newly minted tokens as rewards, known as staking rewards. Node operators who perform invalid functions (eg. adding a corrupted block to the blockchain) could lose a portion of their pledged tokens, a function known as slashing. Our staking validators are highly effective, and we guarantee to reimburse any losses (slashes) due to our validation process.
There are various iterations of proof of stake protocols and a host of features that accompany them. For a deep dive into PoS, we invite you to explore Cryptopedia
What crypto can you stake on Gemini?
Customers can currently stake ether (ETH) Solana (SOL)* and Matic (MATIC)*. With Staking Pro**, customers can currently stake ETH, with a minimum of 32 ETH.
*Not currently available in the UK **Staking Pro is available to UK customers
What are the fees associated with Staking?
Gemini will distribute any earned rewards to you after receipt by Gemini, minus a Staking Services Fee of 15% of the rewards determined by the protocol. Some of the Staking Services Fee is used to pay ‘gas’ fees, third party fees, and infrastructure costs associated with staking and the remainder is retained by Gemini.
Where do the staking rewards come from?
Node operators pledge tokens to a network as a guarantee for correctly performing block validation operations. These node operators receive newly minted tokens and transaction fees as rewards for adding valid blocks to the network. Those newly minted tokens and transaction fees are the rewards for staking and will be passed onwards to those who have staked their tokens.
What is the difference between Staking* and Staking Pro?
Staking Pro is a service designed for advanced customers who require more control over their staked assets and desire greater on-chain transparency.
This service is ideal for those who want to avoid sharing staking rewards and are willing to meet the network minimums. For Ethereum the minimum is 32 ETH. It's worth noting that customers need a significant amount of staked assets in Staking Pro to accrue high returns on Ethereum. This is because when a customer is using Staking Pro, they are running a personal validator to stake their ETH, rather than a pooled validator offered by Staking. Fewer validators means a lower chance of being selected to propose new blocks and earn execution and MEV rewards.
On the other hand, Basic Staking is a more accessible option for customers who want to participate in staking without any minimum requirements. However, customers who choose Basic Staking will only receive rewards proportionally based on their stake amounts. Both options have their own advantages and disadvantages, so it's important for customers to carefully consider their needs and requirements before making a decision.
*Not available in the UK
Why are the staking rewards different for Staking and Staking Pro?
Staking Pro requires running a personal validator on the Ethereum network, which may result in lower staking yields compared to someone who operates a larger number of validators.
This discrepancy in staking rewards can be attributed to the way Ethereum's proof-of-stake (PoS) consensus mechanism functions. In Ethereum's PoS system, the total staking rewards are distributed among all active validators in proportion to their stake. However, there is a cap on the maximum number of validators that can be active at any given time.
With a limited number of active validators, running a personal validator means that your stake competes with a smaller pool of validators for a share of the rewards. In contrast, someone operating a considerably larger number of validators has a greater combined stake, increasing their chances of being selected to validate blocks and earn rewards.
Therefore, while running personal validators on Ethereum provides an opportunity to participate in staking and earn rewards, it is important to acknowledge that the potential returns may be lower compared to those who operate a larger number of validators. It is advisable to consider these factors and evaluate the trade-offs when deciding on the number of validators to run on the Ethereum network.
Why are staking rewards not fixed?
Staking rewards are a function of several supply and demand factors on the network, and the actual reward granted to staking participants is determined at the time rewards are granted. For example, because the number of newly minted tokens is usually a fixed amount in a specific timeframe, staking rewards are higher with fewer node operators and vice-versa. These rewards are distributed proportionately on each successful checkpoint submission to each delegator based on their stake relative to the overall staking pool of all validators and delegators.
Where is staking available?
Gemini staking is available in Argentina, Bahamas, Bermuda, Bhutan, Brazil, British Virgin Islands, Cayman Islands, Chile, Egypt, El Salvador, Guernsey, Hong Kong, India, Israel, Jersey, South Korea, Malaysia, Mexico, Myanmar, New Zealand, Nigeria, Panama, Peru, Philippines, Puerto Rico, Saint Lucia, Saint Vincent and the Grenadines, Singapore, South Africa, Taiwan, Thailand, U.S. Virgin Islands, United States (excluding New York), United Kingdom (Staking Pro only), Uruguay, and Vietnam.
We are seeking approval to expand our staking product in New York and hope to support staking in New York in the near future.
How do I redeem my staked rewards / assets? When can I get my staked assets back?
The unbonding period on Matic is approximately 4 days. This period applies to the originally delegated amount and re-delegated amounts - it does not apply to any rewards that were not re-delegated.
The unbonding period on ETH can be up to 14 days.