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Gemini secures U.S. CFTC derivatives clearing organization license

U.S. cryptocurrency exchange Gemini has secured a derivatives clearing organization (DCO) license from the U.S. Commodity Futures Trading Commission (CFTC). The approval allows Gemini to expand beyond crypto spot trading into non-spot trading such as prediction markets, futures and options. Under the license, Gemini unit Olympus will act as the clearinghouse for Titan platform trades, handling settlement, risk and collateral management and trade guarantees.