Popular US crypto exchange Gemini seems to be planning to offer derivatives on its platform, as per its latest job opening.
According to the job description, the company plans to hire a derivatives director to “build a best in class derivatives platform.” The job posting read:
“We are looking for a candidate with experience managing strategy & operations of exchange services in a constantly evolving business environment. The ideal candidate should have the ability to cultivate internal relationships to drive cross-departmental collaboration and execution of our derivative strategy and go to market.”
Gemini, founded by the Winklevoss brothers in 2015, is a crypto exchange that also provides services to individual and institutional investors. In addition, it also operates custody services for institutional clients and offers its own crypto wallet.
Apart from the US, Gemini offers services in South American countries, EU member states, and Southeast Asian countries such as Singapore. In addition to Bitcoin (BTC) and Ethereum (ETH), the exchange handles several DeFi and Metaverse-related stocks such as SAND, MANA, SLP, and ENJ.
Currently, cryptocurrency exchanges regulated in the United States, such Coinbase Pro, and FTX.US, are also planning to offer derivative transactions in the country. Coinbase filed a related application to CFTC in September, and FTX completed its acquisition of CFTC-licensed derivative exchange LedgerX last week.