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

Gemini, a crypto exchange, received approval from the U.S. Commodity Futures Trading Commission (CFTC, the federal agency that regulates futures and derivatives) to operate its own regulated derivatives clearinghouse, allowing it to process trades internally rather than through outside services. This approval enables Gemini to expand into prediction markets (betting platforms where users forecast future events) and perpetual futures (leveraged contracts that never expire), giving the company more control over these products and potentially more stable revenue streams.