Gemini has recently launched Gemini Foundation, a non-US derivatives platform, offering traders access to new investment opportunities in the crypto space.
The platform, which went live on 1 May, allows users to trade Bitcoin (BTC), Ether (ETH), and Litecoin (LTC) perpetual swaps, with more cryptos set to be added in the future.
Gemini, founded by the Winklevoss twins, has established itself as a leading crypto exchange in the US, and its non-US derivatives platform is aimed at further expanding its global reach. The platform is licensed by the Monetary Authority of Singapore (MAS) and is available to users in Asia-Pacific, Europe, and Latin America.
The launch of the derivatives platform is part of Gemini’s broader strategy to diversify its product offerings and provide users with new ways to invest in crypto. The perpetual swaps available on the platform are a type of futures contract that do not have an expiration date, allowing traders to hold positions for an extended period. This can be useful for traders who want to take a longer-term view on the market, as well as for those who want to hedge their existing cryptocurrency positions.
Gemini security focus
Gemini’s non-US derivatives platform also offers users a high level of security, thanks to the exchange’s security measures. Gemini is known for its focus on security, with the exchange holding a number of regulatory licenses and implementing best-in-class security protocols to protect users’ funds.
One of the key features of the platform is its user-friendly interface, which is designed to make trading derivatives accessible to a wide range of users. The platform offers a variety of trading tools and features, including real-time market data, customisable trading charts, and risk management tools.
Gemini Foundation has also recently announced a number of other initiatives aimed at expanding its presence. These include the launch of its own NFT marketplace, as well as the development of its own blockchain network, the Gemini Chain.
Gemini’s NFT marketplace, which launched earlier this year, allows users to buy, sell, and trade NFTs directly on the exchange.
The Gemini Chain, meanwhile, is being developed as a new blockchain network that will enable the creation and transfer of digital assets. The Gemini Foundation has said that the network will be designed to offer high scalability and low transaction fees, making it a more efficient and cost-effective alternative to existing blockchain networks.