##Gemini Cryptocurrency Exchange Plans to Launch Derivatives Platform Abroad
According to reports, Gemini, the cryptocurrency exchange, revealed on Friday that it plans to open a derivatives platform abroad. The company stated that the first product of the
According to reports, Gemini, the cryptocurrency exchange, revealed on Friday that it plans to open a derivatives platform abroad. The company stated that the first product of the new division, known as the Gemini Foundation, will be a perpetual Bitcoin (BTC) contract priced in Gemini dollars (GUSD). Next will be the Ethereum (ETH) perpetual contract linked to GUSD. Unlike traditional derivatives, perpetual contracts have no expiration date.
Gemini New Derivatives Platform Gemini Foundation Launches First BTC Perpetual Contract
Cryptocurrency derivatives enable investors to gain exposure to the underlying asset’s price without having to own it. This market has grown exponentially over the past year. According to statistics, the average daily volume of Bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME) has increased by 84% in comparison to the previous year. For this reason, Gemini, a renowned cryptocurrency trading platform, has decided to launch its own derivatives platform named Gemini Foundation abroad.
###The First Product of Gemini Foundation: The Perpetual Bitcoin (BTC) Contract
The Gemini Foundation will launch its first product, a perpetual Bitcoin (BTC) contract priced in Gemini dollars (GUSD), according to reports. Being perpetual means that this type of contract does not have an expiration date. In other words, it remains open and trades continuously, enabling investors to enter and exit positions as they deem fit. This type of investment is especially attractive to those who are seeking long-term positions or hedging tools.
###The Ethereum (ETH) Contract
Following the launch of the perpetual Bitcoin (BTC) contract, Gemini Foundation plans to introduce an Ethereum (ETH) perpetual contract linked to GUSD. Similar to the Bitcoin contract, this type of investment will not have an expiration date, and it will allow investors to gain exposure to Ethereum’s price without owning it.
###Why Gemini Foundation’s Derivatives Platform Matters
Perpetual contracts are becoming increasingly popular in the cryptocurrency market, as they enable investors to gain exposure to the market without the hassle of owning the underlying digital asset. With the launch of its derivatives platform, Gemini aims to expand its market reach beyond spot trading and attract new investors. Additionally, it provides a vast array of trading and investment opportunities for professional and individual investors.
###Benefits of Trading Perpetual Contracts
Perpetual contracts are an attractive trading tool because they provide leverage. Additionally, they enable investors to trade on the price volatility of an asset without owning it. Furthermore, as perpetual contracts do not have a set expiration date, they have a lower settlement risk when compared to traditional futures contracts.
###Conclusion
Gemini’s decision to launch its derivatives platform abroad is a timely one, given the growth of the cryptocurrency derivatives market. By introducing perpetual contracts, the company is providing investors with more trading opportunities while expanding its market reach. It is a great way to gain exposure to digital assets without the hassle of owning them.
###FAQs
1. What is a perpetual contract?
A perpetual contract is a type of derivative that has no expiration date. It stays open and continuously trades, making it an attractive tool for long-term investors and hedging.
2. How are perpetual contracts different from traditional futures contracts?
Perpetual contracts differ from traditional futures contracts because they do not have an expiration date. This feature allows investors to hold their positions as long as they want.
3. Why did Gemini launch its derivatives platform abroad?
Gemini launched its derivatives platform abroad to expand its market reach beyond spot trading and to provide investors with more trading opportunities.
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