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While Coinbase is in the headlines due to the latest SEC lawsuit, it’s not the first US exchange to come under fire for regulation problems. Gemini felt its fair share of the SEC’s wrath in January 2023 for the same issues faced by Coinbase.
In response, the exchange owned by the famous Winklevoss twins has expanded aggressively overseas. Gemini’s latest development is introducing Ethereum staking to their UK clients.
Meanwhile, VC Spectra (SPCT) is also going global, with 56% of tokens sold in stage 1 of its fast-moving presale.
Gemini Offers More to Its UK Market with ETH Staking Amid SEC Hostility
Regulators in the US, most notably the Securities and Exchange Commission (SEC), haven’t taken too kindly to crypto. Many platforms involved in this market, like Gemini, have looked for greener pastures in international markets.
Aside from expanding its presence in Singapore and India, the exchange has offered Gemini Staking Pro to its UK clients. The main talking point here is that residents can stake Ethereum (ETH), which is significant for a few reasons.
Firstly, Ethereum (ETH) is the most-traded digital currency after Bitcoin. Since the project entered the ‘Ethereum 2.0’ era, ETH has become a favorite among staking investors. According to Dune Analytics, investors have staked over 23.1 million ETH (about $43 billion) in total.
So, it’s clear Gemini wants to gain a piece of this pie to grow its client base. However, staking Ethereum through Gemini as a validator node is super-expensive, as you need at least 32 ETH. This is about $61,216 if accounting for Ethereum’s (ETH) current price of $1930.
VC Spectra’s SPCT Goes Global with Sustainability-Focused Technology Investment
Financial accessibility is one of VC Spectra’s (SPCT) key values where investors don’t need thousands of dollars. That’s why the platform is a game-changer in asset management.
VC Spectra (SPCT) offers investors a rare chance to become stakeholders in the future of blockchain and technology industries. At the same time, VC Spectra (SPCT) aims to contribute positively to society as it only funds ethical and sustainable businesses while maintaining alpha.
The platform’s team of well-versed investment professionals has the role of evaluating the best projects and using different strategies to lower risks and maximize profits. These include hedging, diversification, and arbitrage, among others. VC Spectra (SPCT) is also a truly decentralized platform run by smart contracts without intermediaries.
The Spectra (SPCT) token has excited many over VC Spectra’s (SPCT) potential. SPCT offers many benefits, including the following:
- Quarterly dividends through buybacks (on top of the earnings from the invested companies)
- Voting rights or governance power where users have a say on how VC Spectra (SPCT) should run
- Exclusive access to discounted pre-ICOs
Of course, there are other solutions where you can participate in Ethereum (ETH) staking at a fraction of the price compared to Gemini. Yet, VC Spectra (SPCT) is more cost-effective. SPCT costs a mere $0.008, a low-entry price that has seen investors buy more tokens.
The next anticipation is for SPCT to potentially increase 900% to $0.08 when VC Spectra (SPCT) formally gets going.
Learn more about the VC Spectra presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
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