Community Insights

How Gemini’s US Exit Is Big News For Fresh Entrants Like Big Eyes Coin And Metropoly?

April 28, 2023 | by TI Partners | 0

Gemini, one of the biggest crypto exchanges in the US, recently announced its plans to launch a derivatives platform outside the US.

The decision comes as the regulatory environment for crypto companies in the country is becoming increasingly restrictive and uncertain.

This article will delve into how the launch of this new platform could potentially have a significant impact on emerging cryptos with huge potential like Big Eyes Coin (BIG) and Metropoly (METRO).

Gemini Makes Its Move

Gemini’s move to launch its derivatives platform in a jurisdiction outside of the US was of course a response to the the recent regulations imposed on Crypto over the past few months, being an attempt to avoid some of the regulatory challenges faced by cryptos that primarily operate in the US. Over the past few years, western authorities, in general, have taken an increasingly tough stance on cryptocurrencies, particularly in the area of derivatives trading; but the US is one of the latest territories to actually begin enacting their plans. This has made it more difficult for US-based crypto companies to operate and expand their businesses.

The derivatives platform allows users to trade futures contracts, which are essentially agreements to buy or sell an asset at a future date for a predetermined price. This type of trading can be highly speculative and carries a significant amount of risk, but it can also offer substantial rewards for those who make the right bets. 30 different countries will have access to Gemini’s new platform, including countries with a lot of crypto-related activity such as South Korea, Hong Kong, India, and Switzerland. The US will of course be restricted from its services, which is unfortunate for the users there but is a big stand in the face of stubborn regulators.

The value and impact this platform could bring is actually quite straightforward. Derivatives trading has built up a great deal of interest amongst crypto communities around the world and could be a way for smaller and newer cryptocurrencies to gain more exposure and attract investment. By allowing investors to trade on the value of a cryptocurrency without actually owning it, derivatives make it easier for investors to speculate on the potential success of a coin or token. This, in turn, can lead to increased demand for the cryptocurrency and drive up its value. The launch of a derivatives platform by a major exchange like Gemini could help to legitimize crypto as a whole and increase investor confidence, which should in turn also quell the worries of regulators.

Metropoly Brings Real Equity to NFTs??

Metropoly is a unique project that has taken the world of cryptocurrency and real estate investment to a whole new level. The NFT marketplace allows users to invest in real-life properties using cryptocurrency. It’s a great example of how crypto can be used in real-life scenarios and an early sign of where the market could be heading in the future. The project uses blockchain technology to offer these high-value properties as fractionalized assets for as little as $100. This eliminates the need for intermediaries that charge exorbitant fees and regulations that restrict growth.

The Metropoly platform allows investors to purchase fractionalized NFTs of high-value properties, which can then be rented out to tenants. This enables investors to generate income in the same way as traditional real estate owners, without having to deal with the day-to-day management of the properties. The NFTs can also be bought and sold on the Metropoly platform, allowing investors to exit their positions and realize their profits easily.

Big Eyes Coins Bring the Fun Back

Big Eyes Coin is an exciting meme coin following in the footsteps of Dogecoin (DOGE) and Shiba Inu (SHIB). However, unlike the famously used Shiba Inu mascot, BIG has a cute cartoon cat with big eyes representing the brand instead.

Based on their website, social media, and the entertainment they have planned, including their NFT Sushi Crew, and a group of NFTs that they will start releasing after the formal debut, it appears that they are going all-in on the fun aspects of things.

Big Eyes offer enticing tokenomics: 80% of the 200 trillion supply is sold to the general public at launch, and 5% is kept in a charity wallet that donates to ocean-saving charities. Together, these features of the coin have led to one of the largest presales the market has ever seen for a meme coin.

Currently having raised over $34 million, Big Eyes are definitely worth your attention.

On June 3rd, The BIG presale will end as it prepares to officially launch, an event that has built a large amount of anticipation.

To celebrate this, those who still haven’t bought Big Eyes have the chance to get 300% extra tokens for a limited time when they use the code END300.

As a result, the fan base for Big Eyes is expanding and continuously demonstrating its support.

How Derivatives Might Help New Cryptos?

The ability to trade futures contracts on Gemini’s platform could help to create a more robust market for upcoming crypto projects like Big Eyes.

One of the primary benefits of trading futures contracts is that they can be used to hedge against price fluctuations. For example, a holder of Big Eyes Coin may be concerned about a potential price drop, but could mitigate that risk by selling a futures contract at a higher price. If the price of Big Eyes Coin does indeed drop, the holder would lose value on their holdings, but would make a profit on the futures contract. This can help to stabilize the price of the underlying asset and provide greater confidence to investors.

In addition to providing a new level of liquidity and price discovery, the launch of Gemini’s derivatives platform could also help to increase adoption of cryptocurrencies like Big Eyes Coin and Metropoly. By offering a more robust market for these tokens, Gemini could help to attract new investors who may have been hesitant to invest in these assets due to concerns about liquidity and volatility.

It remains to be seen how successful Gemini’s new platform will be, and how it will impact the broader cryptocurrency market. However, the launch of this platform could represent a significant turning point for the industry as a whole. As regulatory pressure continues to mount in the US, more and more crypto companies may look to expand their operations outside the country. If this trend continues, we could see a major shift in the global cryptocurrency market in the years to come.