Cryptocurrency exchange Gemini, founded by the Winklevoss twins, has secured a MiCA license from the Malta’s Financial Services Authority, allowing it to offer crypto services across EU countries under a unified regulatory framework.
MiCA License and Its Significance
By obtaining the MiCA license, Gemini now has the ability to provide its services across all European Union countries, simplifying regulation and providing new opportunities for expansion.
Previous Achievements of Gemini
In May this year, Gemini also secured a MiFID II license, allowing it to expand into derivatives trading. With both licenses, the exchange has become one of the few fully regulated in over 30 European markets.
Future Plans and Regulatory Highlights
With the new licenses, Gemini plans to launch a broader range of services, including derivatives, staking, and tokenized financial products for both retail and institutional investors. According to Gemini’s Head of Europe, the new authorizations open access to a larger market and underscore the company’s commitment to compliance.
With the acquisition of both MiCA and MiFID II licenses, Gemini is positioning itself strongly in Europe’s regulated crypto market, setting the stage for rapid growth and expanded service offerings.
