Gemini has launched a non-U.S. derivatives platform — Gemini Foundation — in 30 countries, according to a May 2 statement.
The exchange said the new platform would start trading with Bitcoin (BTC) perpetual contracts denominated in Gemini dollars (GUSD) with up to 100 times leverage. It plans to launch trading for Ethereum (ETH) soon.
“In the coming months, we will expand our derivatives offering with additional perpetual contracts, dated futures, and options trading. “
The exchange explicitly stated that the platform is unavailable to customers in the United States of America, the United Kingdom, or the European Union.
Meanwhile, the platform would be available for crypto investors in selected countries in Latin America, Asia, and Africa — like Singapore, Hong Kong, India, Argentina, Bahamas, Nigeria, Egypt, South Africa, etc.
The platform would be available for both institutional and retail traders.
“Gemini Foundation offers customers a capital-efficient, highly avail
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