Cryptocurrency exchange Gemini has received a special license from Malta, allowing it to offer crypto derivatives to users in Europe.
MiFID II License from Malta
Gemini has been granted the MiFID II license by Malta’s financial regulator, enabling it to offer crypto derivatives across the European Union and European Economic Area. The exchange announced this in its blog.
What Are Crypto Derivatives?
Crypto derivatives allow users to trade based on the future price of cryptocurrencies, such as Bitcoin or Ethereum, without owning the coins. These instruments are mainly designed for experienced traders.
Gemini's Expansion Strategy in Europe
Gemini views this step as a significant development in its European market expansion. The company plans to start offering derivatives trading in the coming months, once it meets all conditions set by EU regulators.
The acquisition of the MiFID II license opens new opportunities for Gemini in Europe, allowing it to provide advanced trading tools for users in the European market.
