In recent developments within the cryptocurrency sector, the acclaimed exchange Gemini, established by notable twins Cameron and Tyler Winklevoss, has rolled out its latest innovation—the Solana (SOL) edition of its credit card. Officially launched on October 20, this card allows users to earn an impressive 4% back in SOL rewards on their purchases, marking a significant step in integrating cryptocurrency into everyday transactions.

Unprecedented Growth in SOL Rewards

One of the most compelling attributes of this new credit card is the option for users to automatically stake their Solana rewards, potentially yielding returns of up to 6.77%. This pioneering feature is available to both new customers at sign-up and existing users looking to enhance their reward strategy.

In a stunning report from Gemini, customers holding their SOL rewards for at least a year have noted an exponential increase, boasting an astounding growth of 299.1% as of July 27, 2025—making it one of the top-performing cryptocurrencies available on their platform.

Furthermore, the Gemini Credit Card is structured with user convenience as a priority, with benefits such as no annual fees, no fees for crypto rewards, and no foreign transaction fees.

Earlier this year, Gemini broadened its service portfolio by introducing institutional staking for Solana, facilitating exchange-traded funds (ETFs), corporations, and wealthy clients to stake their SOL through Gemini Custody.

This strategic move, initiated on June 23, included collaborations with significant entities such as DeFi Dev Corp., overseeing over 2 million SOL, and Purpose Investments, known for their Solana ETF in Canada.

Live Streaming Event Celebrating the Partnership

Adding to the excitement surrounding the launch of the credit card, Gemini has established a partnership with Solana for a 48-hour live streaming event on X (formerly known as Twitter), starting October 21, directly from the Gemini headquarters located in New York City.

These initiatives contribute to what has been a remarkable year for the cryptocurrency exchange, which recently made headlines with its debut on the Nasdaq, raising $425 million during its initial public offering (IPO) with its stock, GEMI.

The Winklevoss twins’ exchange now stands alongside other notable crypto firms that have gone public this year, including Circle (CRCL), which issues the second-largest stablecoin (USDC), and Bullish (BLSH), supported by the influential Peter Thiel.

Currently, as of this update, GEMI stock is trading at $20.29, reflecting a market capitalization of $2.7 billion, which is below the initial offering price of $28.

Moreover, the price of Solana has faced challenges, erasing nearly all of its gains from this year, experiencing a decline of 20% and 21% over the last fourteen and thirty days, respectively. Consequently, SOL now sits at only a 17% increase on a year-to-date basis and is down 36% from its all-time highs.

Image credit: DALL-E, chart data: TradingView.com