Gemini plans to launch a crypto derivatives platform

The Gemini exchange announced the launch of a platform for operations with cryptocurrency derivatives.

The Gemini Foundation platform will provide an opportunity for investors to invest in instruments focused on digital currencies, but only outside of US jurisdiction.

Earlier, another crypto exchange Coinbase registered a similar platform in Bermuda.

Leaving for other jurisdictions is directly related to the tightening of control over the blockchain industry in the United States.

The Gemini blog says that BTC-GUSD perpetual contracts will become available to traders.

The marketplace then wants to issue perpetual ETH-GUSD.

Gemini plans to launch the platform in the coming months. In addition to derivatives, spot transactions will be available to users of the site.

Gemini Foundation services will be available to traders from Singapore, Hong Kong, India, El Salvador, Thailand, Bermuda, Brazil and South Korea. American investors will not be able to access the platform.

In early 2021, Bloomberg announced the intention of the founders of Gemini, the Winklevoss brothers, to bring the exchange to the stock market.

However, Coinbase is the only crypto company listed on Nasdaq so far.

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