Introducing Index Perpetual Contracts on the Gemini Derivatives Platform: KT5/GUSD and KSL2/GUSD

We are excited to announce the launch of two new perpetual contracts on Gemini Derivatives – the Top 5 Index contract (symbol: KT5GUSDPERP) and the Layer 2 (L2) Index contract (symbol: KSL2GUSDPERP). These innovative products offer traders an opportunity to gain exposure to curated baskets of crypto assets, enabling diversified trading strategies with a single contract. Eligible users can now trade these contracts denominated in Gemini Dollars (GUSD) with up to 100x leverage.

Gemini Derivatives is a non-US derivatives platform that hosts multiple crypto perpetual contracts for trading, including the BTC/GUSD, ETH/GUSD, XRP/GUSD, SOL/GUSD, WIF/GUSD perpetual contracts and much more.

Gemini Derivatives is available in select jurisdictions globally. The full list of available countries can be found here. It is not available to customers in the United States of America, United Kingdom, or the European Union.

What are the Top 5 and L2 Indices?

These indices, developed by Kaiko, serve as benchmarks designed to reflect the performance of their respective categories. Gemini Derivatives operates as the trusted marketplace to provide a secure and efficient avenue to trade these perpetual contracts.

The Top 5 Index and L2 Index are collections of cryptocurrencies chosen through a comprehensive algorithm. This includes combining market capitalisation and liquidity metrics to select the most representative and tradable assets. The Top 5 Index offers broad exposure to the leading assets in the crypto market, while the L2 Index captures assets in the Layer 2 ecosystem – a critical growth area in blockchain scalability and usability.

Why Trade Index Perpetuals:

1. Diversification: With a single contract, traders gain exposure to a range of assets, reducing the risks associated with individual token movements.
2. Efficiency: No need to manage multiple positions; index contracts simplify portfolio management.
3. Access to Trends: Take advantage of market trends without the need to research individual tokens or hold the underlying assets, allowing you to focus on broader market movements.

In summary, if you’re looking to capitalise on market trends without the complexity of managing multiple trades – index perpetual contracts are a perfect choice.

Opening a Derivatives Account

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, BTC, or ETH to your derivatives account

With these new index perpetual contracts, we aim to empower traders with access to diverse trading opportunities on the Gemini Derivatives platform. Stay tuned as we continue to expand our offerings with more index contracts and single asset options.

For details on the composition of these baskets, please visit www.gemini.com/derivatives.

Onward and Upward,

The Gemini Derivatives Team