Gemini Foundation Expands Crypto Derivatives Trading Outside the US
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has unveiled its new international crypto derivatives platform, Gemini Foundation. This move comes as part of the exchange's strategy to navigate increasing regulatory pressures in the United States by offering services to users in approved jurisdictions.
Key Features of Gemini Foundation
Initial Offerings:
- BTC perpetual contracts settled in Gemini Dollar (GUSD), the exchange’s proprietary stablecoin.
- ETH-based contracts expected soon.
Trading Flexibility:
- Short and long exposure to crypto assets.
- Spot and derivative market integration.
Global Accessibility:
- Available in Asia, South America, Australia, the Middle East, and Europe.
- Excluded regions: United States.
Leverage Options:
- Up to 100:1 leverage (default at 20:1).
Multi-Currency Support:
- USD, USDC, and GUSD transactions.
- Zero fees for GUSD conversions.
👉 Discover how Gemini Foundation empowers global crypto traders
Regulatory Pressures Drive Crypto Firms Offshore
The launch follows heightened scrutiny from US regulators like the SEC and CFTC, particularly after the collapse of FTX in late 2022. Other exchanges, including Coinbase and Kraken, are also exploring offshore derivatives platforms or restructuring services to comply with US laws.
Recent Regulatory Actions:
- Kraken: Settled with the SEC for $30 million over staking services; plans to transition into a crypto bank.
- Binance: Sued by the CFTC for operating an unregistered derivatives exchange.
- Gemini: Joins the trend of platforms seeking friendlier regulatory environments abroad.
Approved Jurisdictions for Gemini Foundation
Gemini Foundation will serve traders in:
- Asia: Singapore, Hong Kong, India, South Korea, Thailand, Vietnam.
- Americas: Argentina, Brazil, Chile, Peru, Uruguay.
- Middle East & Africa: Israel, Nigeria, South Africa, Turkey.
- Europe: Switzerland, Guernsey, Jersey.
FAQ: Gemini Foundation
Why is Gemini launching this platform outside the US?
To circumvent restrictive US regulations on crypto derivatives, allowing global users access to leveraged trading.
What assets are supported initially?
BTC perpetual contracts with ETH contracts coming soon—both settled in GUSD.
Can US residents use Gemini Foundation?
No. The platform explicitly excludes US-based users.
How does leverage work?
Traders can access up to 100:1 leverage, though default levels are set at 20:1 for risk management.
👉 Explore crypto derivatives trading with Gemini Foundation
The Winklevoss Vision: Beyond US Borders
The Winklevoss twins, known for their early involvement in Facebook and Olympic rowing, have positioned Gemini as a pioneer in compliant crypto innovation. With $65 million from their Facebook settlement, they’ve built one of the most regulated exchanges globally. Now, Gemini Foundation marks their pivot toward international markets amid tightening US policies.
Future Plans:
- Expand derivative offerings.
- Add support for more cryptocurrencies.
- Enhance institutional tools.
Keywords: Gemini Foundation, crypto derivatives, Winklevoss twins, GUSD, BTC perpetual contracts, SEC regulations, global crypto trading, leveraged trading
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