More burdensome regulations forced the exchange to leave its native country.
The Bitcoin perpetual contract denominated in GUSD will be Gemini’s first product.
Gemini, the cryptocurrency exchange owned by the Winklevoss brothers, announced that it is launching its non-US crypto derivative platform. In a blog, the exchange noted that its first product would be a Bitcoin perpetual contract denominated in GUSD, the native token of Gemini.
After successfully launching the BTC perpetual contract, the exchange plans to launch the ETH/GUSD perpetual contract. It is important to note that none of Gemini’s services will be available in the United States and to its citizens.
Exchange’s eligible customers can leverage their crypto holdings to achieve long or short crypto exposure to manage risk, generate returns and gain directional exposure.
The exchange noted that it would be available for customers in Hong Kong, South Korea, Turkey, Brazil, Bhutan, Chile, Bermuda, Singapore, Ar
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