Gemini Foundation is a new non-US crypto derivatives platform that will offer eligible customers the opportunity to trade long or short crypto exposure through a secure and trusted platform. The platform is set to launch with a BTC perpetual contract denominated in Gemini dollars (GUSD), with an ETH/GUSD perpetual contract expected to launch shortly thereafter. Gemini Foundation will be available to customers in several countries, but not in the United States of America.
Account Funding, Funding Payments, Fees, and P&L
Gemini Foundation will allow eligible customers to convert USD and USDC into GUSD on a 1:1 basis, and vice versa, in order to fund their accounts at no additional cost. All perpetual funding payments will be in GUSD, and all unrealized and realized P&L will also be in GUSD. Furthermore, all fees will be charged in GUSD.
Gemini Foundation will offer eligible customers default leverage of 20x, with a maximum possible leverage of 100x. This high leverage potential can provide opportunities for significant returns, but it also comes with significant risk. Traders need to be aware of the potential losses and carefully manage their positions.
A Sublime Derivatives Experience
Gemini Foundation aims to provide a capital-efficient, highly available, and trusted platform to trade derivatives. It has been purpose-built for both individuals and institutions and will offer a range of powerful trading tools combined with an elegant user experience. Whether you are a professional trader or just getting started, Gemini Foundation is designed to help you succeed.
The platform is set to launch with two perpetual contracts, one for BTC/GUSD and the other for ETH/GUSD. Perpetual contracts are futures contracts that do not have an expiration date. They are traded at prices that are very close to the spot price of the underlying asset and can be held for as long as the trader wishes. Gemini Foundation plans to expand its derivatives offering in the coming months, providing more options for traders to manage their risk, generate returns, and gain directional exposure.
Gemini Foundation Eligibility
Gemini Foundation will be available to customers in several countries, including Singapore, Hong Kong, India, Argentina, Bahamas, Bermuda, British Virgin Islands (BVI), Bhutan, Brazil, Cayman Islands, Chile, Egypt, El Salvador, Guernsey, Israel, Jersey, New Zealand, Nigeria, Panama, Peru, Philippines, Saint Lucia, Saint Vincent & Grenadine, South Africa, South Korea, Switzerland, Thailand, Turkey, Uruguay, and Vietnam. However, it will not be available to customers in the United States of America.
The platform will comply with all applicable regulations in each of the countries in which it operates. In order to be eligible to trade on Gemini Foundation, customers will need to meet certain requirements, including identity verification and compliance with local regulations. The platform is designed to be accessible to both retail and institutional traders, with a range of account types and features to suit a variety of needs.
Conclusion
Trading derivatives involves significant risk, and it is important for traders to manage their risk carefully. Gemini Foundation will offer a range of risk management tools to help traders do this, including stop-loss orders, take-profit orders, and liquidation orders. Stop-loss orders can help traders limit their losses by automatically closing a position if the price moves against them. Take-profit orders can help traders lock in profits by automatically closing a position when a certain profit level is reached. Liquidation orders can help traders avoid losses by automatically closing a position if the margin requirements are not met.
