Gemini launches crypto derivatives exchange outside the U.S.
Defi and Exchanges

Gemini launches crypto derivatives exchange outside the U.S.

Gemini, the popular crypto exchange founded by the Winklevoss twins, has announced the launch of a new derivatives exchange outside the United States. The move is part of the company’s efforts to expand its offerings and reach a wider audience.

In fact, on Friday night, Gemini teased the upcoming opening of a crypto derivatives platform that will only be accessible from certain jurisdictions.

Gemini Foundation is a non-US platform […] Our first derivative contract will be a BTC perpetual contract denominated in GUSD. An ETH/GUSD perpetual contract will launch shortly thereafter,” the announcement reads.

The new derivatives exchange will allow traders to access futures, options contracts and other financial instruments based on cryptos. These derivatives will be able to be traded against the US dollar and several other major fiat currencies.

Gemini said the new exchange will be available to traders in countries where it is legally allowed to operate. Gemini Foundation will be available in Hong Kong, India, Argentina, Bahamas, Brazil, Chile, El Salvador, Israel, South Africa, South Korea and Thailand. In Europe, only Switzerland and Turkey have been announced.

The company also stressed that the new exchange will have “institutional level infrastructure and connectivity”, which it said will ensure the stability and reliability of the platform.

Gemini is known for its strict security measures and regulatory compliance. The company has obtained licenses from several regulatory authorities, including the New York State Department of Financial Services (NYDFS) and the Financial Conduct Authority (FCA) in the United Kingdom.

Gemini, the popular crypto exchange founded by the Winklevoss twins

Gemini’s entry into the derivatives market is expected to increase competition in the industry and provide more options for traders. The crypto derivatives market has grown rapidly in recent years, with many exchanges offering futures and options contracts based on bitcoin and other cryptos.

Article written by:

Laeti Marison, also known as SatoshiBelle, is a multifaceted professional with a passion for community management, content creation, and digital marketing. With a diverse background in various roles, Laeti has consistently demonstrated her expertise and dedication in the field. Recognizing her potential, Laeti then took on the responsibilities of a Project and Community Manager at Magna Numeris and Cartam from November 2018 to March 2021. In this role, she showcased her ability to successfully lead projects and foster strong relationships within the community. Currently, Laeti serves as an SEO content writer, Digital Marketing Manager, and co-founder at magazine, starting from February 2022 till now. Through her expertise in digital marketing and her passion for the crypto industry, she has contributed to the success of the magazine, ensuring its content remains relevant, engaging, and informative.

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