Gemini, the US-based cryptocurrency exchange, is set to launch a new crypto derivatives platform outside of the United States.
This move comes amidst the current mass withdrawal of crypto organizations from the US. The new division, Gemini Foundation, will allow eligible users outside the US to trade on both spot and derivatives markets.
The first product to be launched on the platform will be a BTC perpetual contract denominated in GUSD, Gemini’s US-dollar-pegged stablecoin.
The exchange plans to launch an Ethereum perpetual contract (ETH/GUSD) shortly thereafter. The platform will be available to customers in Singapore, Hong Kong, India, Israel, Thailand, and several other countries in Central and South America and Asia.
Gemini has been on the hunt for a favorable regulatory environment and recently announced its decision to relocate its engineering hub and developers to India. The evolving crypto environment in South Asia may have encouraged the exchange to move its engineering hub there.
Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry.
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