Cryptocurrency exchange Gemini has announced that it has received a license under the MiCA regulation from the Malta Financial Services Authority (MFSA). This move opens the door for the company to offer its services in the virtual asset market throughout the European Union.
It is important to note that Gemini has already received a MiFID II license, allowing it to trade derivatives and derivative instruments in the same jurisdiction. Together, these permits give the platform the right to offer a wide range of financial products and services in more than 30 countries in Europe, giving the company a competitive advantage.
In an official statement, Gemini emphasized that receiving the license confirms its commitment to strict regulatory standards. The company also noted that clear and consistent regulations are necessary for the global adoption of cryptocurrencies. According to the exchange, Europe is demonstrating leadership in this area, having made a significant step forward with the implementation of MiCA.
In addition, in June, Gemini introduced a new product to European clients — tokenized shares based on the Arbitrum blockchain. These instruments reflect the value of traditional shares, but allow for 24-hour trading, making them more flexible than the classic stock market.
Gemini is not the only company to receive a license under MiCA. Other registered platforms include Bitvavo, Kraken, Bybit, and Coinbase. This indicates that leading industry players are actively seeking to gain a foothold in the European space, where a clear and transparent legal framework for the crypto industry is being formed.
Recall that MiCA was approved by the EU Council back in June 2023 and became the first pan-European legislative framework for crypto assets. Its implementation provides for a gradual adaptation into the national laws of member states. Although this process was originally planned to be completed by the end of 2024, some states are still in the process of integrating the new rules.
Amid its active expansion in Europe, Gemini is also considering entering the public market. The company has previously announced plans to hold an IPO, which could significantly strengthen its position among global crypto exchanges.
Thus, obtaining a MiCA license in Malta can be seen as a strategic step for Gemini, which opens up new prospects in the region and strengthens investor confidence due to strict compliance with regulatory requirements.