Gemini has launched a non-US derivatives exchange with a Bitcoin perpetual contract as its first derivative contract.

According to an announcement, ‘Gemini Foundation’ will allow its customers to trade spot and derivative products. These products will be denominated in Gemini’s stablecoin — GUSD. Potential customers can sign up to be notified when the platform goes live.

Gemini Derivatives Platform Not for U.S. Users

Gemini Foundation will be unavailable for users in the United States of America, where some exchanges have found themselves in hot water for offering crypto derivatives services. For example, Binance is being sued by the Commodity Futures Trading Commission (CTFC) for allegedly breaking trading and derivatives rules.

According to Gemini, the new platform will be accessible to users in other countries including Brazil, South Africa, New Zealand and Nigeria.

Gemini is one of the biggest exchanges in the U.S. On April 22, the firm had a 24-hour trading volume of $43.2 million, according to BeInCrypto data.

Gemini Has Global Ambitions

Gemini’s expansion plans also include a planned new engineering center in India. Gemini Asia Pacific CEO, Pravjit Tiwana, said the office would be the second-largest engineering hub behind the U.S.

Meanw

Go to Source to See Full Article
Author: Oluwapelumi Adejumo

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details