Crypto exchange Gemini has received in-principle approval in Malta for an Investment Firm license, enabling it to offer perpetuals across the European Union.
A Crucial Step For EU Expansion
The license, once granted, will allow Gemini to offer regulated futures and options to advanced traders and institutions across the EU and EEA under the Markets in Financial Instruments Directive (MiFID II), which governs traditional financial markets. The team stated that receiving in-principle approval in Malta is a crucial step in their 2025 European expansion plan.
Gemini Strengthens Its European Operations
The crypto exchange has been expanding its presence in Europe, choosing Malta as its hub and obtaining a Virtual Financial Assets (VFA) Service License from the Maltese regulator. This license permits operations under the Markets in Crypto-Assets (MiCA) regulation. Gemini also holds a similar license in France.
Growing Crypto Derivatives Market
Crypto exchanges are increasingly entering the derivatives market in response to rising demand for such products. Firms like Coinbase and Kraken have recently secured MiFID II licenses to offer similar services in the region. Gemini is following this trend to compete in the regulated derivatives market. At the same time, there is consideration for an Initial Public Offering (IPO) in the United States, as recently announced.
Securing in-principle approval in Malta strengthens Gemini's foothold in Europe and opens new opportunities to deliver innovative financial products within a regulated market.
