Gemini Exchange to Launch Ethereum 2.0 Staking
Gemini is adding support for ETH staking. The U.S. exchange has confirmed that the update will be rolled out imminently.
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Gemini, one of the biggest cryptocurrency exchanges in the U.S., is launching Ethereum 2.0 staking “as soon as possible.”
Gemini Adds ETH Staking
The company, which the Winklevoss twins own, announced the news in a brief blog post last night. It read:
“We look forward to continuing to support the Ethereum community and new developments as Eth2 transitions and reaches its next milestone — so that we can provide all of our customers with the ability to access and earn from the latest developments in crypto.”
Full details, including the launch date, are yet to be confirmed.
Ethereum 2.0 Phase 0 successfully launched on Dec. 1 with the deployment of the Beacon Chain. It’s received more than 1.5 million ETH to date, equating to over 48,000 validators.
Several services have announced their plans to support the upgrade to help ETH holders participate and earn rewards from staking. They include the popular exchanges Coinbase, Kraken, and Binance, a mobile service from MyEtherWallet, and now Gemini.
Disclosure: At the time of writing, the author of this feature owned ETH, among a number of other cryptocurrencies.
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