Gemini to launch crypto derivatives platform outside the U.S
Gemini to launch crypto derivatives platform outside the U.S
Cryptocurrency exchange Gemini has confirmed its intentions to launch a crypto derivatives platform, despite considering moving its headquarters to India due to an ongoing legal battle with U.S. regulators.
The new platform will be aimed exclusively at crypto derivatives traders outside of North America, and will be specifically aimed at retail investors and financial institutions.
The cryptocurrency exchange said on its Twitter page that the new crypto derivatives platform will be called Gemini Foundation.
Gemini Foundation's first product available to foreign investors will be a perpetual bitcoin (BTC) contract denominated in Gemini dollars (GUSD). In the future, the new platform will offer its clients a perpetual contract for Ether (ETH), pegged to GUSD.
Gemini Foundation users will be able to open long or short positions using spot and derivative products. They will also receive a maximum leverage of 100x for both spot and derivatives trading.
Gemini is a universal cryptocurrency and crypto-fiat trading platform with its own emergency insurance fund. The exchange offers a high level of technical support and a wide range of training programs for novice traders.
