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Gemini Gains CFTC Approval to Operate Designated Contract Market

Gemini Space Station, Inc. will launch its Gemini Titan platform with binary event contracts, with potential expansion into crypto derivatives under U.S. regulatory oversight.

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Terms & Concepts
  • CFTC (U.S. derivatives regulator): The Commodity Futures Trading Commission regulates U.S. derivatives markets, including futures, options, and certain digital asset products.
  • Binary event contracts: Contracts that pay out based on the outcome of a specific event, typically structured with two possible results.
  • Perpetual futures: A type of derivative contract without an expiry date, allowing continuous positions with funding rates.