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.

Cameron and Tyler Winklevoss, founders of U.S. crypto exchange Gemini, have withdrawn a large amount of bitcoin from the platform, prompting varied interpretations of the transaction. Blockchain analytics data cited by CoinDesk showed 572 bitcoin, worth about $42.77 million, moved in the past 24 hours from a Gemini hot wallet to wallets tied to Winklevoss Capital and Gemini Custody. The transfers occurred in two tranches.