Gemini eyeing launch of derivatives, hiring for new director

Nov 2, 2021 | The Block News | 0 comments


Gemini — the cryptocurrency exchange run by the Winklevoss twins — is eyeing the derivatives market. 

The firm, which offers cryptocurrency services for both institutional and retail users, is currently hiring for a director of derivatives to “build a best in class derivatives platform,” according to a job posting. 

“We are looking for a candidate with experience managing strategy & operations of exchange services in a constantly evolving business environment,” the job posting added. “The ideal candidate should have the ability to cultivate internal relationships to drive cross departmental collaboration and execution of our derivative strategy and go to market.”

Gemini isn’t the only firm looking to enter the derivatives market. In September, Coinbase filed an application with the National Futures Association to nab futures commission merchant status. Last month, FTX.US finalized its acquisition of LedgerX to offer derivatives to its clients. 

A spokeswoman for Gemini declined to comment. 

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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