Exciting Updates from 21Shares, Gemini's French Debut, and Binance's Merged Mining
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In a bid to keep pace with the evolving crypto landscape, 21Shares AG has revamped its Ethereum Core ETP into the 21Shares Ethereum Core Staking ETP. This move, announced on November 19, allows investors to earn staking rewards while staying exposed to Ethereum (ETH). Hany Rashwan, the company’s co-founder, emphasized their goal of delivering cutting-edge digital asset products to European markets.?
The ETHC product is now available on major exchanges like SIX Swiss and Euronext, and it boasts low management fees of just 0.21%. This launch follows their earlier 21Shares Core Ethereum ETF, showcasing their commitment to bridging traditional finance with the crypto world amidst ongoing regulatory discussions.
Meanwhile, Gemini has officially set up shop in France, marking a major expansion in Europe. Users can now trade over 70 digital assets using local payment methods like debit cards and Apple Pay. CEO Gillian Lynch highlighted the favorable regulatory environment and rising interest in digital assets as key factors for this move. A recent report showed that crypto ownership in France is on the rise, hitting 18% despite the broader market downturn.
Binance, not one to stay idle, has introduced merged mining on its platform, allowing users to earn Fractal Bitcoin (FB) rewards while mining traditional Bitcoin (BTC). This new feature, which started on November 18, requires users to link an external FB wallet and adhere to specific payout models. However, Binance has made it clear that FB won’t be available for trading on their exchange yet.
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