Crypto exchange Gemini announced the launch of Gemini Staking service. It will offer clients in the U.S. (excluding New York), Singapore, and Hong Kong to earn and store staking rewards.
Customers can lock up their assets within their accounts and earn rewards on Polygon’s MATIC token beginning August 18.
Staking for Ethereum (ETH), Solana (SOL), Polkadot (DOT), and Audius (AUDIO) will also be available in the near future, according to the announcement.
Users will be able to stake and unstake any amount of crypto without incurring any fees with Gemini’s support services.
The company will cover infrastructure costs and gas fees associated with staking and unstaking, as well as slashing penalties and other reimbursement opportunities for staking penalties.
Gemini’s announcement comes as other crypto firms expand their staking offerings ahead of the much-anticipated Merge of the Ethereum blockchain, which is now scheduled for September 15.
Also Read: Ethereum Merge Mainnet Readiness Checklist is All Checked
“The launch of Gemini Staking underscores our continued commitment to offering a full suite of innovative options for our customers to put their crypto assets to work,” said Franck Kengne, Product Manager at Gemini.
