Gemini Gains U.S. Regulatory Approval to Operate Derivatives Clearinghouse
Gemini has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate its own derivatives clearinghouse, allowing it to clear and settle trades in-house. This move enhances Gemini's control over its prediction market products and positions it for potential expansion into perpetual futures trading. Cameron Winklevoss, co-founder of Gemini, emphasized the strategic importance of end-to-end control in the evolving crypto market.
Topics: crypto derivatives Gemini prediction markets regulation