Gemini receives CFTC derivatives clearing organization license, advancing the construction of a "full-stack CFTC compliance system"

Odaily reports that 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 operate as an internal clearing house, independently handling settlement, risk management, and collateral management, completely eliminating reliance on third-party clearing. This move is expected to significantly reduce operating costs and improve trading efficiency.

Previously, Gemini had already held a CFTC Designated Contract Market (DCM) license. The combination of these two licenses enables the company to conduct full-stack compliant operations in the fields of futures, options, perpetual contracts, and prediction markets. Currently, Gemini is accelerating its application for a Futures Commission Merchant (FCM) license to complete its CFTC qualification lineup, directly competing with Kraken and Coinbase in the U.S. compliant derivatives market. (The Block)