After Coinbase, Gemeni is also Planning to Launch an International Derivatives Exchange

After Coinbase, Gemeni is also Planning to Launch an International Derivatives Exchange

Gemini, the popular U.S.-based crypto exchange founded by Cameron and Tyler Winklevoss, is reportedly planning to launch an international cryptocurrency derivatives exchange.

According to a report by The Information, the platform would focus on offering perpetual futures, a type of derivative that is currently banned in the U.S. for retail traders due to its high-risk nature. Gemini has been reaching out to trading firms in recent months to serve as market makers for its overseas operation.

Gemini's move into the international derivatives trading space comes as other players in the market face legal troubles and regulatory concerns. Binance is currently facing a lawsuit from the Commodity Futures Trading Commission (CFTC) for allegedly breaking U.S. derivatives law. Coinbase received a Well Notice from the U.S. Securities and Exchange Commission (SEC). Coinbase has also reportedly been looking to launch an overseas platform to offer perpetual futures.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Exchanges

Derivatives

Related News
Indian crypto exchange WazirX exploited for over $230 million Indian crypto exchange WazirX exploited for over $230 million
UK tribunal starts hearing $9B BSV delisting case UK tribunal starts hearing $9B BSV delisting case
BloFin Exchange Enhances Compliance and Security with Chainalysis BloFin Exchange Enhances Compliance and Security with Chainalysis
Trading platform Robinhood to Acquire Crypto Exchange Bitstamp Trading platform Robinhood to Acquire Crypto Exchange Bitstamp
CME Group Plans to Launch Bitcoin Spot Trading CME Group Plans to Launch Bitcoin Spot Trading
Latest News More More
33 Minutes Ago US spot bitcoin ETFs post ninth consecutive day of net inflows
23 Hours Ago Trump Says He’ll Release Fourth NFT Collection: 'The People Want Me to Do Another One'
1 Day Ago US spot bitcoin ETFs post $422 million in net inflows, largest since early June
2 Days Ago Japan's Metaplanet buys additional $1.2 million worth of bitcoin, shares surge 26%
2 Days Ago UPDATE: Mt. Gox moves billions of dollars in bitcoin ahead of anticipated payouts
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open