Gemini, a cryptocurrency exchange, now has complete trading capabilities in the U.S. Cameron Winklevoss announced that the company received a Derivatives Clearing Organization (DCO) license from the Commodity Futures Trading Commission, allowing it to offer a full range of trading services.
According to one of the platform’s founders, this is the last step needed to fully legalize Gemini Predictions and allow futures trading to begin.
We’re thrilled to share that Gemini has been granted a Derivatives Clearing Organization (DCO) license by the CFTC. This means we can now officially serve as a clearinghouse for regulated derivatives trading, which includes prediction markets. This approval builds on our previous approvals…
— Cameron Winklevoss (@cameron) April 30, 2026
Previously, Gemini’s license only permitted it to facilitate the buying and selling of prediction contracts. Now, with its new status as a Designated Contract Organizer (DCO), Gemini can handle the entire trade process – from execution to final settlement – independently. This means Gemini can move beyond simply connecting buyers and sellers to become a complete trading platform.
According to Winklevoss, this is a key stage in building a financial “super app”.
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High stakes of Gemini’s partnership with Ripple
This news is especially relevant for those in the XRP community, as Gemini received funding from Ripple. By April 2026, Ripple had provided a credit line totaling $250 million to Gemini.
From my analysis, this partnership involves a really close working relationship between the two companies. Importantly, Gemini is using RLUSD, a stablecoin, as collateral, and the New York Department of Financial Services is overseeing its custody.
The system has specific requirements, and to keep the loan interest rate at 7%, Gemini needs to lower the loan amount to $150 million by July 2nd. If they don’t have enough funds, the rate will increase to 10%, which motivates them to rapidly expand into new markets.
Gemini will face a critical test over the next two months. It needs to prove its new licenses translate into actual trading activity to fulfill its commitments to Ripple and prevent higher borrowing fees.
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2026-04-30 19:25