{"id":77699,"date":"2023-04-24T10:04:23","date_gmt":"2023-04-24T07:04:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77699"},"modified":"2025-09-11T00:49:46","modified_gmt":"2025-09-10T21:49:46","slug":"gemini-to-launch-non-u-s-crypto-derivatives-platform","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/gemini-to-launch-non-u-s-crypto-derivatives-platform\/","title":{"rendered":"Gemini to Launch Non-U.S. Crypto-Derivatives Platform"},"content":{"rendered":"<p>The cryptocurrency exchange Gemini announced the launch of Gemini Foundation \u2014 a non-US platform for crypto derivatives aimed at users outside the United States.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ Introducing Gemini Foundation \u2013 a non-US crypto derivatives platform.<\/p>\n<p>Coming soon\u2026<a href=\"https:\/\/t.co\/HtFHHfAP8d\">https:\/\/t.co\/HtFHHfAP8d<\/a><\/p>\n<p>\u2014 Gemini (@Gemini) <a href=\"https:\/\/twitter.com\/Gemini\/status\/1649541427964067842?ref_src=twsrc%5Etfw\">April 21, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The exchange will be available to residents of Singapore, Hong Kong, India, Argentina, Peru, the Philippines, Switzerland, and other countries:<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/image-223.webp\" alt=\"image-223\" class=\"wp-image-205169\"\/><figcaption>Source: <a href=\"https:\/\/www.gemini.com\/blog\/introducing-gemini-foundation-a-non-us-crypto-derivatives-platform\">Gemini<\/a>.<\/figcaption><\/figure>\n<\/div>\n<p>Initially, users will be able to trade a perpetual BTC contract in GUSD. In time, the lineup will expand to ETH\/GUSD. The team pledged to add new products in the future.<\/p>\n<p>Default leverage is 1:20, with a maximum of 1:100.<\/p>\n<p>Clients will be able to convert USDC and US dollars into GUSD at a 1:1 ratio, and back without fees.<\/p>\n<p>Trading fees will be charged in GUSD. The amount is not disclosed.<\/p>\n<p>The platform opened a waitlist.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cGemini Foundation will allow clients \u2026 manage risks and generate returns,\u201d<\/em> the company said.<\/p>\n<\/blockquote>\n<p>In March it was reported that the bitcoin exchange <a href=\"https:\/\/u1f987.com\/en\/news\/gemini-to-launch-international-derivatives-trading-platform-reports-say\">launch<\/a> a crypto-derivatives platform aimed at the international market. It was reported that Gemini allegedly would register the new service outside the United States.<\/p>\n<p>A month later, the organization announced plans <a href=\"https:\/\/u1f987.com\/en\/news\/gemini-unveils-plans-to-open-an-office-in-india\">to open in India<\/a> its second-largest \u201cengineering center after the United States.\u201d<\/p>\n<p>In June 2022, the U.S. Commodity Futures Trading Commission <a href=\"https:\/\/u1f987.com\/en\/news\/cftc-sues-gemini-the-winklevoss-twins-cryptocurrency-exchange\">filed suit<\/a> against Gemini. The documents alleged that the exchange misled the regulator about bitcoin futures contracts.<\/p>\n<p>In early 2023, the U.S. Securities and Exchange Commission (SEC) <a href=\"https:\/\/u1f987.com\/en\/news\/sec-accuses-gemini-of-selling-unregistered-securities\">charged<\/a> the exchange with unlicensed trading of securities through the Earn service. Earlier, the company paused payments under the program amid <a href=\"https:\/\/u1f987.com\/en\/news\/genesis-global-capital-suspends-crypto-lending-operations\">financial troubles of its main partner<\/a> \u2014 the OTC platform Genesis Global Capital.<\/p>\n<p>Gemini co-founder Tyler Winklevoss described the SEC allegations as \u201csuper unconvincing\u201d and \u201ca manufactured penalty ticket.\u201d<\/p>\n<p>In April, Bloomberg sources <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-winklevoss-brothers-lend-100-million-to-their-own-bitcoin-exchange\">reported a $100 million loan<\/a> to the bitcoin exchange by the Winklevoss brothers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Gemini announced the launch of Gemini Foundation \u2014 a non-U.S. platform for crypto derivatives aimed at users outside the United States.<\/p>\n","protected":false},"author":1,"featured_media":77700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,1168,719],"class_list":["post-77699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-crypto-derivatives","tag-gemini"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=77699"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77699\/revisions"}],"predecessor-version":[{"id":77701,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77699\/revisions\/77701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/77700"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=77699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=77699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=77699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}