Gemini, a US-based cryptocurrency exchange, has recently obtained a Markets in Financial Instruments Directive (MiFID) II license from the Malta Financial Services Authority (MFSA), as reported on May 9 by CryptoSlate. This license allows Gemini to offer regulated crypto derivatives in the European Union (EU) and European Economic Area (EEA).
With this new license, Gemini will be able to provide select derivatives, such as perpetual futures, to advanced users. The exchange is currently working closely with regulators to ensure a smooth and compliant full-scale launch.
Mark Jennings, the head of Europe at Gemini, expressed his excitement about this milestone, stating, “This is a hugely exciting development in our 2025 European expansion, as it puts Gemini one step closer to offering our derivative products to both retail and institutional users in the EU and the EEA.”
This approval comes after Gemini initially received a positive response from Malta’s regulatory authorities. The decision to focus on Malta as the base for its European licensing efforts is strategic, as the country is known for its favorable regulatory environment for cryptocurrency businesses.
Gemini’s move to target Europe aligns with its broader strategy to expand its presence in the region in 2025. The exchange sees this approval as a gateway to tapping into one of the most promising cryptocurrency markets globally.
In addition to the MiFID II license, Gemini is also pursuing a Markets in Crypto-Assets (MiCA) license, which would allow it to offer a wider range of regulated crypto services across EU member states.
The trend of cryptocurrency firms shifting their operations to jurisdictions with clear regulatory frameworks is evident in Gemini’s European push. Other major players in the industry, such as Crypto.com, Kraken, and Coinbase, have also made significant moves into the region.
This trend can be attributed to Europe’s adoption of the MiCA regime, which has made the region increasingly appealing to companies seeking regulatory clarity amidst growing demand for digital assets from both institutional and retail investors.
As Gemini continues to navigate the regulatory landscape in Europe, it is poised to capitalize on the opportunities presented by the region’s evolving cryptocurrency market.