Gemini Unveils Solana Credit Card: A New Era in Crypto Rewards
Renowned for its trusted editorial content, Gemini’s latest launch has been meticulously reviewed by industry experts and experienced editors. This initiative is part of their ongoing commitment to transparency and consumer trust.
Revolutionizing Crypto Rewards: The Gemini-Solana Credit Card
Gemini, the cryptocurrency exchange established by the billionaire Winklevoss twins, Cameron and Tyler, announced on October 20 the introduction of a Solana (SOL) credit card. This innovative card allows users to earn up to 4% back in SOL on all purchases, marking a significant milestone in the fusion of traditional finance and digital assets.
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Unprecedented Growth in SOL Rewards
One of the standout features of this new credit card is its unique rewards system. Users have the option to automatically stake their Solana rewards, with the potential to earn up to 6.77% back. This feature is a first for Gemini users, providing an enticing incentive for both new and existing cardholders. Remarkably, as of July 27, 2025, users who retained their SOL rewards for a year saw an astonishing increase of 299.1%, showcasing the robust performance of this cryptocurrency on the platform.
Cardholder Benefits: No Fees and More
The Gemini Credit Card is designed to enhance user convenience, offering no annual fees, no charges for crypto rewards, and no foreign transaction fees, making it a compelling choice for crypto enthusiasts and frequent travelers alike.
Expanding Horizons: Institutional Staking for Solana
Earlier in the year, Gemini broadened its service portfolio by introducing institutional staking for Solana. This initiative allows exchange-traded funds (ETFs), corporations, and affluent clients to stake their SOL directly via Gemini Custody. Launched on June 23, this service involves collaboration with notable firms such as DeFi Dev Corp., which manages over 2 million SOL, and Purpose Investments, a Canadian firm that issues a Solana ETF.
Gemini and Solana Host Landmark Streaming Event
Further cementing their partnership, Gemini and Solana are hosting a groundbreaking 48-hour live stream event on X (formerly Twitter), starting October 21, broadcasted directly from Gemini’s New York City headquarters. This event highlights the dynamic collaboration between these two crypto giants.
Gemini’s Public Debut and Market Performance
This year has been transformative for Gemini, marked by their debut on the Nasdaq. Their stock, GEMI, generated $425 million on the first day of its initial public offering (IPO). Joining the ranks of other crypto firms like Circle and Bullish, Gemini stands out in the competitive landscape. Despite a downward trend in GEMI’s stock valuation post-IPO, the exchange’s market cap remains at $2.7 billion, with shares currently trading at $20.29, below the initial price of $28.
Solana’s Market Journey
Solana’s performance in the market has been volatile, with its price declining nearly 20% and 21% over the past fourteen and thirty days, respectively. This fluctuation has reduced its year-to-date gains to 17%, a 36% decrease from all-time highs, reflecting the broader challenges faced by cryptocurrencies in fluctuating market conditions.
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