Gemini’s Plan for Derivatives Exchange Adds to Crypto’s Flight From the US
- Crypto company Gemini to set up a non-US derivatives exchange
- Tightening US SEC digital-asset clampdown rattled many firms
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Crypto businesses in the US are pursuing targeted international expansion amid a deepening regulatory crackdown at home.
The latest moves came from billionaire twins Tyler and Cameron Winklevoss’ Gemini Trust Co. The exchange last week unveiled plans to target growth in Asia and to establish a non-US crypto derivatives platform.