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

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 operate as an internal clearing house, independently handling settlement, risk management, and collateral management, 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 these two licenses gives it the capability to conduct full-stack compliant operations 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 for direct competition with Kraken and Coinbase in the compliant U.S. derivatives market. (The Block)