TechFlow News, April 30: According to The Block, Gemini’s Olympus division has officially received a Derivatives Clearing Organization (DCO) license from the U.S. Commodity Futures Trading Commission (CFTC), enabling it to operate as an internal clearinghouse for settlement, risk management, and collateral management—eliminating reliance on third-party clearing and potentially reducing operational costs.
Combined with its previously obtained Designated Contract Market (DCM) license, Gemini now possesses full-stack, compliant capabilities to operate across futures, options, perpetual contracts, and prediction markets. Gemini is currently pursuing a Futures Commission Merchant (FCM) license to complete its full suite of CFTC authorizations, positioning itself for direct competition with Kraken and Coinbase.
