{"id":55458,"date":"2023-07-28T08:23:37","date_gmt":"2023-07-28T12:23:37","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=55458"},"modified":"2023-07-28T08:23:40","modified_gmt":"2023-07-28T12:23:40","slug":"gemini-launches-trading-competition-to-boost-derivatives-platform","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/gemini-launches-trading-competition-to-boost-derivatives-platform\/","title":{"rendered":"Gemini Launches Trading Competition to Boost Derivatives Platform"},"content":{"rendered":"\n<p>Gemini Foundation is set to host its first trading competition in August to attract new users and increase trading volumes.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/07\/gemini-1024x538.jpg\" alt=\"Gemini Hosts Trading Contest for Derivatives Platform\" class=\"wp-image-55461\" width=\"780\" height=\"410\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/07\/gemini-1024x538.jpg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/07\/gemini-300x158.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/07\/gemini-768x403.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/07\/gemini-750x394.jpg 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/07\/gemini-1140x599.jpg 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/07\/gemini.jpg 1200w\" sizes=\"(max-width: 780px) 100vw, 780px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/gemini-launches-derivatives-platform-outside-u-s-amid-regulation.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Gemini Foundation<\/a>, a non-US derivatives platform founded by the Winklevoss twins and backed by the Gemini Trust Company, is gearing up to host its first trading competition in August. <\/p>\n\n\n\n<p>The competition also aims to revitalize its trading volume and expand its global user base, as the crypto market has recently faced a slowdown.<\/p>\n\n\n\n<p>The Gemini Leaderboard competition will track and rank the performance of crypto traders on its <a href=\"https:\/\/www.gemini.com\/derivatives\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">international derivatives trading platform,<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> which offers perpetual contracts with up to <strong>100x leverage<\/strong>. <\/p>\n\n\n\n<p>The platform, which launched in May, is available in select jurisdictions outside the <strong>US, UK, and EU.<\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-trading-events-and-rewards\">Trading Events and Rewards<\/h4>\n\n\n\n<p>The competition will feature multiple trading events, each with distinct rules, objectives, and durations. The events will also challenge participants to showcase their trading skills and achieve consistent profitability on the platform.<\/p>\n\n\n\n<p>Participants can win up to <strong>250 GUSD <\/strong>(Gemini\u2019s native stablecoin) daily, serving as a powerful incentive for traders to join the competition. <\/p>\n\n\n\n<p>The rewards will be based on the participants\u2019 ranking on the leaderboard, which will be updated regularly on the platform.<\/p>\n\n\n\n<p>The competition will also foster a sense of excitement and camaraderie within the crypto community, as participants can interact with each other and share their trading strategies and insights.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Participation Requirements<\/h4>\n\n\n\n<p>To be eligible for the competition, participants must:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Fund their derivatives accounts with at least 250 GUSD by <strong>July 31<\/strong> and keep this balance until the end of the competition.<\/li>\n\n\n\n<li>Live in any of the supported countries and have a Gemini account to open a Gemini Derivatives account.<\/li>\n<\/ul>\n\n\n\n<p>These requirements ensure that participants have enough capital and access to join the trading events.<\/p>\n\n\n\n<p>They can access the derivatives platform via <a href=\"https:\/\/www.gemini.com\/activetrader\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">ActiveTrader,<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> Gemini\u2019s high-performance trading platform that features advanced charting, multiple order types, auctions, and block trading.<\/p>\n\n\n\n<p>The first competition is scheduled to conclude on <strong>August 31, 2023,<\/strong> giving traders ample time to demonstrate their trading prowess and secure their spot on the leaderboard.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">A Competitive Edge<\/h4>\n\n\n\n<p>Gemini Foundation aims to compete with other crypto derivatives platforms by hosting a trading competition. The competition will bring more users, volume, and liquidity to its platform. <\/p>\n\n\n\n<p>The Foundation benefits from the trust and regulation of <a href=\"https:\/\/coinscreed.com\/staging\/winklevoss-twins-gets-sued-over-interest-accounts-on-gemini.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Gemini Trust Company<\/a>, which provides custody for its derivatives product. <\/p>\n\n\n\n<p>The Gemini Foundation offers users a secure, efficient, and easy way to trade derivatives with leverage and low fees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gemini Foundation is set to host its first trading competition in August to attract new users and increase trading volumes. Gemini Foundation, a non-US derivatives platform founded by the Winklevoss twins and backed by the Gemini Trust Company, is gearing up to host its first trading competition in August. The competition also aims to revitalize [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":55461,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[1494,1276,884,15497,12908],"class_list":["post-55458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-derivatives","tag-gemini","tag-regulations","tag-trading-event","tag-winklevoss-twins"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/07\/gemini.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/55458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=55458"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/55458\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/55461"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=55458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=55458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=55458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}