#Gemini Announces Launch of Derivatives Platform
According to reports, Gemini, the cryptocurrency exchange, revealed on Friday that it plans to open a derivatives platform abroad. The company stated that the f
According to reports, Gemini, the cryptocurrency exchange, revealed on Friday that it plans to open a derivatives platform abroad. The company stated that the first product of the new division, known as the Gemini Foundation, will be a perpetual Bitcoin (BTC) contract priced in Gemini dollars (GUSD). Next will be the Ethereum (ETH) perpetual contract linked to GUSD. Unlike traditional derivatives, perpetual contracts have no expiration date.
Gemini New Derivatives Platform Gemini Foundation Launches First BTC Perpetual Contract
Gemini, the popular cryptocurrency exchange, has announced its plans to unveil a new derivatives platform abroad. The Gemini Foundation will lead the way, and its first product will be a perpetual Bitcoin (BTC) contract priced in Gemini dollars (GUSD). This move marks yet another milestone for Gemini, which has established itself as a player in the crypto space. Let’s take a closer look at the latest development.
##The Gemini Foundation: What You Need to Know
The Gemini Foundation is a subsidiary of Gemini that focuses on developing new products and services. It was founded in 2018 to drive innovation in the crypto industry, and its latest offering is a derivatives platform. The platform has been in development for some time, and the company has finally announced its launch.
##Perpetual Contracts: The Future of Derivatives Trading?
Perpetual contracts are a new and exciting development in the derivatives trading space. Unlike traditional derivatives, perpetual contracts do not have an expiration date. Instead, they are designed to be held indefinitely, making them a useful tool for traders looking to hold long-term positions. The Gemini Foundation’s first product will be a perpetual Bitcoin contract priced in Gemini dollars. This will be followed by ETH perpetual contracts linked to GUSD.
##What Does This Mean for the Crypto Market?
The launch of Gemini’s derivatives platform is a significant development for the crypto market. It signals another step towards the institutionalization of crypto trading, with Gemini positioning itself as a leader in the space. The new platform will enable traders to take long or short positions on cryptocurrencies, which will provide an additional layer of liquidity to the market. Moreover, the availability of perpetual contracts will be especially beneficial to traders looking to invest in the crypto space for the long haul.
##Regulatory Compliance & User Safety
Gemini has always been committed to regulatory compliance and user safety. The company is licensed and regulated by the New York State Department of Financial Services (NYDFS). This means that the derivatives platform will adhere to the same standards of security and compliance as the rest of the Gemini platform.
##Conclusion
Gemini’s announcement regarding the launch of its new derivatives platform is a testament to the company’s ongoing commitment to innovation in the crypto space. The new platform will offer traders more options and flexibility when it comes to investing in cryptocurrencies. It also signals a move towards wider adoption of cryptocurrency trading by institutional investors and traditional financial entities.
#FAQs
##What is a perpetual contract?
A perpetual contract is a derivative that does not expire. It is designed to be held indefinitely, making it a useful tool for traders looking to hold long-term positions.
##What is the Gemini Foundation?
The Gemini Foundation is a subsidiary of Gemini that focuses on developing new products and services. Its latest offering is a derivatives platform.
##Is Gemini regulated?
Yes, Gemini is licensed and regulated by the New York State Department of Financial Services (NYDFS).
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