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.
