Gemini launches hourly and daily settlement futures contracts

The notable detail is structural rather than product-specific: hourly and daily settlement compresses the holding period, which shifts the risk profile toward short-horizon event exposure rather than directional positioning. Capped loss at the purchase price gives these a defined-outcome character closer to binary options than perpetuals, which matters for how they get categorized and regulated. The gap is scope — without disclosed assets or markets, it is impossible to judge whether this is a narrow pilot or a broader push. Whether Gemini details the underlying markets, and whether other venues follow with similar settlement cadences, is the open question.