Gemini Obtains CFTC Derivatives Clearing Organization License, Advancing "Full-Stack CFTC Compliance System" Development

Odaily Planet Daily News Gemini's Olympus division has officially obtained a Derivatives Clearing Organization (DCO) license from the U.S. Commodity Futures Trading Commission (CFTC). It can now independently handle settlement, risk management, and collateral management as an internal clearing institution, completely eliminating reliance on third-party clearing. This is expected to significantly reduce operating costs and improve trading efficiency.

Previously, Gemini already held a CFTC Designated Contract Market (DCM) license. The combination of the two enables it to conduct full-stack compliant business in futures, options, perpetual contracts, and prediction markets. Currently, Gemini is accelerating its application for a Futures Commission Merchant (FCM) license to complete its full set of CFTC qualifications, positioning itself to compete head-on with Kraken and Coinbase in the U.S. compliant derivatives market. (The Block)