The American Gemini has received a markets in Financial Instruments Directive (MIFID) II license from the Malta Financial Services Authority (MFSA), shared with a statement of May 9 with CryptoSlate.
This enables the exchange to offer regulated crypto derivatives in the European Union (EU) and the European Economic Area (EEA).
With the license, the exchange can start offering selected derivatives, including perpetual futures, to advanced users. Gemini stated that it cooperates with supervisors to meet the conditions for a complete launch.
Mark Jennings, the head of twins of Europe, said:
“This is a hugely exciting development in our European expansion from 2025, because the Gemini brings a step closer to offering our derivative products to both retail and institutional users in the EU and the honor.”
The approval came months after Gemini received a first nod from the Malta regulator. It also follows the decision of the company to base its European license efforts on Malta, which is generally seen as a favorable jurisdiction for crypto companies.
Gemini focuses on Europe
According to the stock exchange, the licenses are part of its broader strategy to grow his European footprint in 2025.
The exchange added that this approval creates new growth opportunities in one of the world’s most promising cryptom markets.
Gemini said it will continue to work on acquiring a markets in the license of crypto-assets (MICA), so that it could offer a wider series of regulated crypto services in EU member states.
In the meantime, the European push of Gemini reflects a wider trend in the industry, as more crypto companies move their activities to jurisdictions with clear regulatory frameworks. In recent months, large crypto companies, including Crypto.com, Kraken and Coinbase, have started considerably in the region.
This avalanche can be linked to the acceptance of the Mica regime by Europe, which made the region more attractive for companies looking for legal clarity in the midst of an increasing demand for digital assets from institutional and retail crypto investors.