Gemini sets sights on derivatives expansion after winning key U.S. regulatory approval

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Gemini Space Station

won approval from the U.S. Commodity Futures Trading Commission to operate its own regulated derivatives clearinghouse, a move that gives the crypto exchange a deeper foothold in prediction markets and sets up a potential expansion into perpetual futures trading.

This allows Gemini to clear and settle trades in-house rather than relying on outside infrastructure – giving the company greater control over how its prediction market products function and scale, particularly as it builds toward more complex instruments like perpetual futures (better known as perps).

The news pushed shares up 2.5% in premarket trading.