Gemini intros new platform for users abroad amid US regulatory headache

Quick Take

  • Gemini is launching a derivatives platform for users outside of the U.S.

Gemini, the crypto exchange founded by twins Cameron and Tyler Winklevoss, is launching a derivatives platform — but only for users outside of the U.S.

Dubbed the Gemini Foundation, the platform's first derivatives contract will be a BTC perpetual contract denominated in Gemini dollars. An ETH/GUSD perpetual contract will follow, the company said Friday in a blog post

"Gemini Foundation will allow eligible customers to leverage their crypto assets to achieve long or short crypto exposure in order to manage risk, generate returns, and gain directional exposure," the company said, adding that it would provide more information about the meaning of the name at a later date. 


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The platform will be available in countries including Singapore, Hong Kong, India, Argentina, Bahamas, Bermuda, Brazil, El Salvador, Israel, Nigeria, South Africa, South Korea, Switzerland, Thailand and Turkey.

Gemini said yesterday that it had big plans to expand outside of the U.S., with a new chief executive officer for Asia-Pacific and a forthcoming office in India. The announcement comes as U.S. exchanges are increasingly focusing on markets abroad amid an increasingly complex regulator environment. 

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Nathan Crooks is the U.S managing editor at The Block, based in Miami. He was previously at Bloomberg News for 12 years, where he helmed coverage of South Florida after roles as a breaking news editor and bureau chief in Caracas, Venezuela. He's interviewed presidents, government ministers and CEOs, and, besides crypto, has covered major news events on the ground from earthquakes to hurricanes to the Chilean mine rescue in 2018. Nathan, a native of Clarion, Pennsylvania, holds a bachelor's degree from the University of Toronto, where he completed a specialist in political science, and an MBA from American University in Washington, D.C.


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