Gemini, the U.S. cryptocurrency exchange founded by the Winklevoss twins, has expanded its European derivatives platform by launching XRP perpetual contracts. This offering is operated through its Malta-based subsidiary, Intergalactic EU Artemis Ltd., which is authorized by the Malta Financial Services Authority (MFSA). The contracts enable traders to take long or short positions on XRP with up to 100x leverage, settled in USDC and without an expiration date, allowing positions to remain open indefinitely if margin requirements are met.
This marks the first time Gemini has offered leveraged XRP products to users within the European Union, adding XRP as the fourth asset in its European derivatives lineup, which already includes Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) perpetual contracts. The launch is part of Gemini's broader strategy to expand in Europe's regulated derivatives market, positioning itself as a compliant alternative to offshore exchanges.
XRP's inclusion reflects its significant market presence, with derivatives volume of $13.18 billion and open interest of $3.35 billion, according to CoinGlass data. Gemini highlighted that these high-volatility instruments are intended for experienced traders and come with geographic restrictions under EU regulations, warning of potential rapid liquidations and losses.
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