Ethereum News Today: Gemini Targets $2.3B Valuation with EU Expansion and Staking Push

Gemini, the cryptocurrency exchange co-founded by Cameron and Tyler Winklevoss, has expanded its services in the European Economic Area (EEA), launching Ethereum (ETH) and Solana (SOL) staking alongside USDC-denominated perpetual futures contracts. The move follows the firm’s regulatory approvals under the Markets in Crypto-Assets Regulation (MiCA) in Malta and the Markets in Financial Instruments Directive (MiFID II) in the EU. Gemini’s Europe head, Mark Jennings, stated the platform aims to become a leading exchange in Europe by offering a unified suite of products that include spot trading, staking, and derivatives.

The new staking and derivatives offerings are part of Gemini’s broader strategy to tap into the growing demand for alternative financial instruments in the crypto space. According to Jennings, the derivatives market has seen significant growth in recent months, with an estimated value of $23 trillion expected by the end of 2025. This contrasts with the declining trend in spot trading volumes, which dropped by 32% in the first two quarters of 2025, despite a rising Bitcoin price. In the same period, crypto derivatives volume reached $20.2 trillion, highlighting the shift in investor preferences toward more sophisticated instruments.

Gemini Staking is available without a minimum deposit requirement and offers variable returns for ETH and up to 6% for SOL. The platform’s new perpetual contracts, Gemini Perpetuals, are denominated in USDC, feature up to 100x leverage, and operate without an expiry date. These products are designed to cater to both retail and institutional investors, with a particular appeal to professional retail investors seeking passive income. The derivatives product operates under Gemini’s MiFID II license, while staking falls under the MiCA framework.

The EU has seen a significant surge in Ethereum staking activity, driven by regulatory clarity under MiCA. Data from CoinLaw revealed that Ethereum staking deposits in the EU rose by 28% in 2025 compared to 2024, reaching $90 billion in total staked ETH. Jennings attributed this growth to increased institutional participation and regulatory confidence in the region. The MiCA framework has also spurred overall institutional staking activity in Europe, with EU staking participation increasing by 39% in 2025, compared to 22% in non-EU regions.

Gemini’s expansion in the EU comes amid its preparations for a U.S. initial public offering (IPO). The company filed a Form S-1 with the SEC and plans to sell 16.67 million shares at a price range of $17 to $19, aiming to raise up to $317 million. This IPO would value the firm at approximately $2.3 billion. The offering follows recent successful listings by crypto firms such as Circle and Bullish, which have seen valuations surge post-debut. Gemini’s strategic alignment with favorable regulatory developments and political support, including ties to the Trump administration, is expected to bolster its position in the public market.

Source:

[1] Gemini launches derivatives and ETH, SOL staking in Europe (https://cointelegraph.com/news/gemini-crypto-derivatives-europe-launch)

[2] Crypto Exchange Gemini Expands EU Offering with Staking and Perpetuals (https://www.coindesk.com/business/2025/09/05/crypto-exchange-gemini-expands-eu-offering-with-staking-perpetuals)

[3] Gemini Expands EU Operations, Launches ETH and SOL Staking (https://www.panewslab.com/en/articles/26a7bffa-bff5-420b-be2e-6e21e692dc4f)

[4] Supported Digital Assets and Waiver of Conflicts (https://www.gemini.com/legal/supported-digital-assets-and-waiver-of-conflicts)

[5] Crypto Blog - Latest Crypto Articles & News (https://www.gemini.com/blog)

[6] Winklevoss Twins' Crypto Exchange Gemini Eyes $2.3 Billion Valuation with Public Offering (https://decrypt.co/337741/winklevoss-gemini-eyes-2-3-billion-valuation-public-offering/)