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Gemini prepares international crypto derivatives exchange to fill FTX void

From kitco.com

Gemini, the crypto exchange owned by Cameron and Tyler Winklevoss, is preparing to launch an international cryptocurrency derivatives exchange, according to a report from The Information. The report cites two sources familiar with the matter who said that the exchange “has been approaching trading firms that act as market makers, providing liquidity to exchanges, for preliminary work on the new exchange in recent months.” According to the report, Gemini’s efforts are focused on offering a form of crypto derivatives known as perpetual futures, which enable traders to take highly-leveraged positions. Perpetual futures ... (full story)

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  • Category: Fundamental Analysis