Gemini Crypto Exchange Operator Sued on Role in Bitcoin Futures Product

The Commodity Futures Trading Commission on Thursday sued the billionaire Winklevoss brothers-owned cryptocurrency company, saying it misled regulators as part of an effort to win approval. for bitcoin futures in 2017.

Gemini Trust Co. provided bitcoin prices to Cboe Global Markets Inc., which launched its bitcoin futures product in December 2017. An auction run by Gemini has determined how bitcoin contracts will settle on the final day. prior to expiration, ensuring a close link between futures contracts and the bitcoin market.

https://www.wsj.com/articles/gemini-crypto-exchange-operator-sued-over-role-in-bitcoin-futures-product-11654199586?mod=rss_markets_main Gemini Crypto Exchange Operator Sued on Role in Bitcoin Futures Product

Edmund DeMarche

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