"Gemini Olympus, LLC now gives the exchange end-to-end control, cutting reliance on third-party clearers like QC Clearing LLC. This shift allows for fully collateralized futures, options on futures, and swaps under CFTC oversight."
"A DCO functions as a central counterparty, substituting its own credit for that of the trading parties, managing collateral, handling margining, and processing settlement and netting."
"Cameron Winklevoss announced the DCO approval as a major building block for Gemini's super app, aiming for a platform where users can manage all financial needs."
Gemini Olympus, LLC received a CFTC Derivatives Clearing Organization license on April 29, 2026, allowing it to clear futures, options, and swaps internally. This development follows the approval of Gemini Titan, LLC as a Designated Contract Market in December 2025. The DCO registration eliminates the need for third-party clearing arrangements, previously managed by QC Clearing LLC. With both DCM and DCO licenses, Gemini aims to create a self-contained marketplace for regulated derivatives, enhancing user experience through a comprehensive financial platform.
Read at news.bitcoin.com
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