Gemini Foundation, a subsidiary of Gemini cryptocurrency exchange, has launched a new perpetual contract for Shiba Inu (SHIB) on its trading platform. The contract is denominated in Gemini Dollars (GUSD) and offers up to 100x leverage. Gemini Foundation has also introduced perpetual contracts for Bitcoin Cash (BCH) and Uniswap (UNI). The trading platform is available in select regions where derivative trading is allowed, and users in these regions can speculate on the price of SHIB without owning the actual token. To start trading, users need to create an account, activate derivatives trading, and transfer GUSD or BTC to the derivative account. Other exchanges, such as Coinbase and Kraken, have also introduced trading options for SHIB in recent months. Despite the announcement, SHIB has experienced a decline in price.
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