Gemini has received a Derivatives Clearing Organization (DCO) license from the Commodity Futures Trading Commission (CFTC), allowing the crypto exchange to expand its non-spot trading operations, according to an announcement on Thursday.
“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,” Cameron Winklevoss, president and co-founder of Gemini, said.
Like other U.S. crypto-native exchanges, including Coinbase and Kraken, Gemini has been working to build a so-called “superapp,” where users can trade assets beyond tokens.
As part of this growth strategy, Gemini aims to achieve a full-stack of CFTC licenses, including its Designated Contract Market (DCM) license granted in December. Gemini had initially applied for a DCM license in 2020 and is now using it to house its prediction market and kickstart its futures, options, and perps offerings under its Titan affiliate.
As a DCO, Gemini’s Olympus unit can now act as a clearinghouse, handling settlement, risk management, collateral, and guaranteeing trades on the Titan platform. This means Gemini will not have to rely on third-party clearing, potentially leading to cost reductions.
Only a few crypto firms have both DCM and DCO licenses in-house, including Bitnomial and Crypto.com.
Notably, Kraken’s parent company, Payward, announced earlier this month that it has agreed to buy Bitnomial, which was the first crypto-native company to hold the full CFTC stack to operate as a designated contract market, a derivatives clearing organization, and a futures commission merchant. Kraken earlier acquired an existing DCM in October.
Coinbase is also working to acquire The Clearing Company, which would give the firm a DCO.
Although not named in the release, Gemini said it is working to secure “a full suite of CFTC derivatives licenses,” suggesting it is looking to acquire or apply as a Futures Commission Merchant (FCM).
Gemini, founded in 2014, went public as Gemini Space Station (GEMI) in September. GEMI stock has slumped, with Gemini reporting net losses close to $600 million last year. The exchange has recently radically reshaped its C-suite, parting ways with three top executives, and pulled out of under-performing markets in the UK, EU, and Australia.
Earlier this week, Gemini rolled out Agentic Trading, enabling AI users to let their bots operate their trading accounts via an API.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
