Gemini Secures CFTC Derivatives Clearing Organization License on Thursday

According to an announcement on Thursday, Gemini received a Derivatives Clearing Organization (DCO) license from the Commodity Futures Trading Commission (CFTC), enabling the crypto exchange to expand its non-spot trading operations. The license allows Gemini's Olympus unit to act as a clearinghouse, handling settlement, risk management, collateral, and guaranteeing trades on its Titan platform, eliminating the need for third-party clearing.

"Today marks a major milestone in Gemini's marketplace expansion. In addition to our crypto spot marketplace, Gemini now has a full-stack, end-to-end marketplace for predictions as well as futures, options, and more," said Cameron Winklevoss, president and co-founder of Gemini. The DCO license complements Gemini's Designated Contract Market (DCM) license granted in December, bringing the exchange closer to its goal of securing a complete suite of CFTC derivatives licenses.