Gemini Olympus Gains CFTC Approval for Derivatives Clearing
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Gemini Olympus (Gemini affiliate) received CFTC approval to operate as a Derivatives Clearing Organization (DCO) in the U.S., enabling regulated clearing of derivatives and prediction-market contracts; Gemini shares rose about 7%. In-house clearing gives Gemini greater control over settlement and product risk management, advancing its full‑stack crypto derivatives infrastructure and CEX-level risk governance. Payward targets clearing access for Kraken via a planned Bitnomial acquisition, signaling exchange consolidation and broader adoption of regulated clearing services.
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- Gemini affiliate gains CFTC DCO approval for regulated derivatives clearing in US markets.
- In-house clearing gives Gemini more control over settlement and product risk management.
- Payward targets clearing access for Kraken through a planned Bitnomial acquisition deal.
Gemini Olympus, LLC, an affiliate of the Gemini crypto exchange, has received CFTC approval. It could now operate as a Derivatives Clearing Organization (DCO). The approval strengthens Gemini’s position in regulated U.S. derivatives and prediction market activity.
The license allows Gemini Olympus to clear trades linked to eligible derivatives products. These may include prediction market contracts and other regulated instruments. Gemini shares rose about 7% after the announcement
Gemini Boosts Full-Stack Ambitions
As a DCO, Gemini could manage settlement and risk for the eligible produc…
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