Crypto exchange Gemini has announced the release of its new crypto derivatives platform, The Gemini Foundation. However, its location would not be based in the United States.
The platform would be launched outside the United States as the firm took the decision after considering the current state of uncertain regulations in the country. The Gemini Foundation has mentioned a Bitcoin perpetual contract in Gemini Dollars as their first derivatives contract. Eventually, an ETH/GUSD perpetual contract will likely be released.