Gemini (GEMI), the cryptocurrency trade based by billionaire twins Cameron and Tyler Winklevoss, has formally launched the Solana (SOL) version of its bank card on October 20, enabling prospects to earn as much as 4% again in SOL rewards on their purchases.
Practically 300% Improve In SOL Rewards Over One Yr
A standout characteristic of the brand new bank card is the power for customers to robotically stake their Solana rewards, yielding as much as 6.77% again. This can be a first for Gemini prospects, who can decide in to this characteristic when signing up for the cardboard or select it as their reward possibility if they’re current customers.
Notably, Gemini reported that prospects who held their SOL rewards for a minimum of a 12 months skilled spectacular progress, with rewards growing by 299.1% as of July 27, 2025—top-of-the-line performances amongst cryptocurrencies out there on the platform.
Moreover, the Gemini Credit score Card is designed with person comfort in thoughts, that includes no annual charges, no prices for receiving crypto rewards, and no overseas transaction charges.
Earlier this 12 months, Gemini expanded its choices by launching institutional staking for Solana. This initiative permits exchange-traded funds (ETFs), companies, and high-net-worth purchasers to stake their SOL instantly by way of Gemini Custody.
This transfer, which started on June 23, included partnerships with companies like DeFi Dev Corp., managing over 2 million SOL, and Objective Investments, a Canadian issuer of a Solana ETF.
Gemini And Solana Crew Up For 48-Hour Streaming Occasion
Along with the bank card launch, Gemini has partnered with Solana to host a 48-hour nonstop livestream on X (previously Twitter), commencing October 21, instantly from the Gemini headquarters in New York Metropolis.
These developments add to a big 12 months for the cryptocurrency trade, which just lately made its debut on the Nasdaq, with its inventory GEMI, elevating $425 million on the primary day of its preliminary public providing (IPO).
The Winklevoss twins’ trade joins the ranks of different crypto companies which have gone public this 12 months, together with Circle (CRCL), the issuer of the second-largest stablecoin (USDC), and Bullish (BLSH), backed by one other crypto billionaire Peter Thiel.
As of this writing, GEMI, the cryptocurrency trade’s inventory with a market cap of $2.7 billion, is buying and selling at $20.29. This worth is beneath the corporate’s preliminary public providing worth of $28.
Equally, the Solana worth has erased practically all of its year-to-date good points, dropping 20% and 21% within the final fourteen and thirty days, respectively. This leaves SOL with solely 17% good points year-to-date and down 36% from all-time excessive ranges.
Featured picture from DALL-E, chart from TradingView.com
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