Gemini, the
cryptocurrency exchange owned by the Winklevoss twin brothers, is examining
possibilities to launch an international crypto derivatives trading platform, according
to The Information report from Wednesday.
The new
platform from Gemini would offer trading in perpetual futures. Derivatives of
this type are banned in the United States for retail investors due to their somewhat
risky nature. Making them available in another jurisdiction would allow Gemini to
offer users a product with no expiration date and the possibility of high
leverage.
Two weeks
ago, Bloomberg reported that another major crypto exchange, Coinbase,
was looking to take a similar step. The search for foreign locations to
relocate some trading services came after the US Securities and Exchange
Commission (SEC) stepped up and tightened its crackdown against the
cryptocurrency sector.
It all
started with the collapse of the FTX digital assets trading platform
