Gemini launches derivative platform in 30 countries

2023-5-3 18:26

Gemini has launched a non-U.S. derivatives platform — Gemini Foundation —  in 30 countries, according to a May 2 statement.

The exchange said the new platform would start trading with Bitcoin (BTC) perpetual contracts denominated in Gemini dollars (GUSD) with up to 100 times leverage. It plans to launch trading for Ethereum (ETH) soon.

“In the coming months, we will expand our derivatives offering with additional perpetual contracts, dated futures, and options trading. “

The exchange explicitly stated that the platform is unavailable to customers in the United States of America, the United Kingdom, or the European Union.

Meanwhile, the platform would be available for crypto investors in selected countries in Latin America, Asia, and Africa — like Singapore, Hong Kong, India, Argentina, Bahamas, Nigeria, Egypt, South Africa, etc.

The platform would be available for both institutional and retail traders.

“Gemini Foundation offers customers a capital-efficient, highly available, and trusted venue to trade derivatives. [It is] Purpose-built for both individuals and institutions.”

US regulatory issues pushing exchanges abroad

The exchange’s pivot is coming on the trail of the recent regulatory issues in the United States. The U.S. Securities and Exchange has ramped up its regulatory actions recently, filing actions against exchanges like Bittrex and Beaxy.

The financial regulator has also filed charges against Gemini over its defunct Earn program.

Meanwhile, Gemini’s announcement is coming after Coinbase launched its international exchange. Earlier today, Coinbase said this platform targets institutional traders outside the United States.

Gemini’s Earn update

On April 30, Gemini said it agreed to start a 30-day mediation process to drive to a final resolution with crypto lender Genesis, Digital Currency Group (DCG), the Unsecured Creditors Committee (UCC), and the Creditor Committee.

The crypto exchange said it was “supportive of mediation” and was working with the parties to conclude the matter. However, Gemini expressed its frustration over the pace of progress.

The post Gemini launches derivative platform in 30 countries appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Gemini dollar (GUSD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.9802
Капитализация $0 Rank 99999
Цена в час новости $ 1.0045 (-100%)

gemini platform countries perpetual btc trading bitcoin

gemini platform → Результатов: 126


‘Basis,’ Andreessen Horowitz-backed Stablecoin project, Will be Shutting Down

Stablecoins have increased in popularity over the past few months, and one of the many reasons for this surge has been the volatility of the crypto market. This summer, some of the largest crypto exchanges provided listings of the most popular stablecoins on their platform, with the Gemini Dollar, Paxos, and True USD among some […] The post ‘Basis,’ Andreessen Horowitz-backed Stablecoin project, Will be Shutting Down appeared first on Coinjournal.

2018-12-17 14:34


Cryptocurrency Researchers Diar Expand Data Platform to Cover ETH and Stablecoins

One of the cryptocurrency industry’s leading research groups, Diar, has announced that it will be expanding its coverage of the digital asset space going forward. Amongst the additional areas focused upon in future editions will be the Ethereum ecosystem, along with the ever-expanding list of stablecoins such as Tether and the Gemini Dollar.

2018-11-14 04:00


Фото:

CoinJar Cryptocurrency Exchange Founder Says Stablecoin Will Transform the Crypto World

At a time when stablecoins have become the rave of the moment in the cryptoverse, with several startups from Circle Internet Financial, Gemini, and others launching own dollar-backed altcoins, Asher Tan, the co-founder of CoinJar, a digital assets platform, has predicted a bright future for the price-steady alternatives according to a Financial Review report on November 12, 2018.

2018-11-13 06:00


Фото:

Huobi Joins OKEx in Adding Four New Stablecoins

Huobi Global has announced its decision to list four USD-pegged stablecoins by the end of the week. In a support notice published on its platform, the company noted that users will be able to make deposits for Paxos Standard Token (PAX), True USD (TUSD), Circle’s (USDC), and Gemini exchange’s (GUSD) on its exchange starting from Friday, October 19, 2018 (GMT +8).

2018-10-17 21:15


Фото:

Winklevoss-Owned Bitcoin Exchange ‘Gemini’ Adds Litecoin Trading Pairs

On Friday, October 12, 2018, Gemini announced the addition of Litecoin (LTC) to its trading catalog. Litecoin becomes the fourth cryptocurrency added to the Winklevoss-owned platform. NYSDFS Approval for Litecoin Trading on Gemini Eric Winer, the platform’s VP of Engineering announced the news via a post on the company’s Medium account.

2018-10-13 02:00


Major US Crypto Exchange Obtains Insurance, Will it Have Positive Effect on the Industry?

This week, major US-based crypto exchange Gemini obtained insurance coverage from a consortium of leading insurance providers led by Aon, a multi-billion dollar insurance giant based in London. Yusuf Hussain, Gemini’s Head of Risk, emphasized the importance of providing sufficient consumer protection to assure that investors on the platform can freely trade cryptocurrencies without the […] The post Major US Crypto Exchange Obtains Insurance, Will it Have Positive Effect on the Industry? appeared first on CryptoSlate.

2018-10-6 20:00