Gemini is reportedly exploring the possibility of launching a global crypto derivatives trading platform, as per sources cited in a report by The Information.
Over the past few months, Gemini has allegedly been in talks with trading platforms across different countries to find a market maker to support their operations outside the US. The move suggests that Gemini aims to expand its services and reach a more extensive global audience.
By offering trading in perpetual futures, which are banned in the US for retail investors, the exchange could potentially offer users a product with no expiration date and high leverage. This strategy is similar to that of Coinbase, another major crypto exchange that was reported to be exploring foreign locations to relocate some of its trading services.
Gemini’s move towards an international derivatives trading platform comes amidst increased regulatory scrutiny in the United States. The US Securities and Exchange Commission (SEC) has been taking a tougher stance on cryptocurrency regulation in recent months, with the regulator cracking down on unregistered digital asset offerings and tightening rules for trading platforms. By exploring options to launch a derivatives platform outside of the US, Gemini may be looking to avoid potential regulatory roadblocks and tap into growing demand for crypto derivatives trading in global markets.
