Gemini reached a crucial regulatory milestone in the United States by obtaining the Derivatives Clearing Organization (DCO) license from the CFTC. Cameron Winklevoss, co-founder of the exchange, confirmed that this permission completes the legal cycle for its Gemini Predictions platform. With this evolution, the entity ceases to be a simple intermediary to transform into a comprehensive infrastructure capable of independently executing, confirming, and settling futures operations in a single window.
We are excited to announce that @Gemini has received a Derivatives Clearing Organization (DCO) license from the @CFTC. This license allows us to act as a clearinghouse for regulated derivatives trading, including prediction markets.
This approval follows our approval last…
— Cameron Winklevoss (@cameron) April 30, 2026
With this advance, Gemini is on the way to creating a financial “super app,” backed by a $250 million line of credit from Ripple. The integration is profound: Gemini uses the RLUSD stablecoin as collateral under the supervision of the NYDFS. This financial backing seeks to scale volumes in new markets, consolidating the relevance of Ripple’s infrastructure and the XRP ecosystem in the US institutional sector.
Now the exchange must pass a liquidity “stress test” before July 2, with the aim of reducing its debt to $150 million and maintaining a 7% rate. Investors will need to monitor whether Gemini manages to convert these new licenses into real trading volume to avoid an increase in borrowing costs to 10%.
Source:https://x.com/cameron/status/2049840273056727325
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