Gemini Crypto Derivatives

Gemini Derivatives, a Gemini Foundation product, is currently available to customers in Argentina, Bahamas, Bermuda, Bhutan, Brazil, British Virgin Islands (BVI), Cayman Islands, Chile, Costa Rica, Dominican Republic, Ecuador, Egypt, El Salvador, Guernsey, Hong Kong, India, Israel, Jersey, Mexico, New Zealand, Nigeria, Panama, Peru, Saint Lucia, Saint Vincent & Grenadines, Singapore, South Africa, South Korea, Switzerland, Taiwan, Thailand, Turkey, Uruguay, Vietnam.

We are actively pursuing an expansion of additional jurisdictions. Stay tuned to this page for the latest updates.

The following perpetual contracts are available for trading:

• AVAX/GUSD
• BTC/GUSD
• DOGE/GUSD
• DOT/GUSD
• ETH/GUSD
• LINK/GUSD
• LTC/GUSD
• MATIC/GUSD
• PEPE/GUSD
• SOL/GUSD
• WIF/GUSD
• XRP/GUSD

Gemini plans to expand its derivatives offering with additional perpetual contracts, dated futures, and options trading soon. Stay tuned to our blog for the latest updates.

Gemini Derivatives is available to both retail and institutional Gemini customers who reside in any of the eligible jurisdictions.

Perpetual contracts are financial instruments that allow traders to gain exposure to the price of a crypto asset in a manner similar to conventional futures contracts. The main difference is that perpetual contracts do not have an expiration date.

Gemini offers up to 100x leverage for BTC, ETH, PEPE, XRP, SOL, and MATIC perpetuals. Leverage is set at the account level and the default is up to 20x. This can be increased at any time by the customer and decreased provided they have enough Margin Assets Value to adhere to the higher Initial Margin requirements.

The amount of leverage that can be taken is a function of the position size. The larger the position size, the lower the amount of leverage that is made available to the customer by Gemini.

For more details, visit this page.

You can deposit both GUSD and BTC as collateral to trade derivatives on Gemini.

Initial margin is the amount a trader must deposit in order to initiate a trading position.

Maintenance Margin is the minimum amount you must hold to keep a position open. If your margin assets value drops below this level, your position will be liquidated.

Gemini Perpetual Fees

Maker fees for large volume traders are negative, this means any customer qualifying for these fee tiers will receive a rebate from Gemini on maker trades.

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, sign up for an account here to receive both a spot and derivatives trading account.

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. Log on via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD to your derivatives account
6. Start trading!

For perpetual contracts, customers have the option to trade using leverage. As such, the capital required to have in a customer’s Gemini Derivatives account to trade a perpetual contract may be significantly less than the total notional value of the trade.

This means that a customer may lose all of their funding capital should the market move against them. In order to maintain the integrity of Gemini's derivatives market, customers who trade the perpetual contracts will be subject to an auto-liquidation feature. Positions will be automatically closed once the risk of a customer’s position is too high in comparison to the funds in their account. Cryptocurrencies are volatile and leverage amplifies this so it is possible for a customer to accumulate losses quickly.

Gemini’s derivatives contracts can only be traded on the ActiveTrader platform and cannot be moved over to, or traded on, another exchange. Positions must be opened and closed on Gemini’s ActiveTrader platform.