Gemini Shifts European Headquarters to Malta Amid Regulatory Expansion
Gemini has decided to move its headquarters from Dublin to Malta, aiming to strengthen its position in the European markets under the MiCA framework.
Gemini Shifts European Headquarters to Malta Amid Regulatory Expansion
Gemini’s entrance to Malta coincides with the EU’s evolving landscape for cryptocurrency adoption and regulations.
On January 20, 2025, US-based Gemini announced its relocation from Dublin to Malta, establishing itself as a hub for the EU’s Markets in Crypto-Assets (MiCA) framework—aimed at harmonizing crypto regulations across member states.
“Since receiving our Virtual Financial Assets (VFA) Service Licence in December 2024, the transition to Malta will allow us to promote the next phase of financial and personal freedom in Europe,” stated Gemini.
A report from 2024 indicated that 39% of non-crypto investors worldwide highlighted a lack of regulatory clarity as a deterrent, suggesting that effective regulations like MiCA could enhance cryptocurrency interest in Europe.
Malta’s Support for Fintech Innovations
For Gemini, Malta presents an ideal environment to support its European compliance efforts under MiCA regulations. Malta is often referred to as the “Blockchain Island.” The Maltese government enacted the Virtual Financial Assets Act in 2018, providing a clear legal structure for cryptocurrencies, ICOs, and other blockchain ventures.
Jennings added, “Establishing Malta as our MiCA base underlines our dedication to maintaining regulatory standards and advancing innovation in the digital asset landscape.” The move also poses a challenge to Ireland, which has been positioning itself as a tech center in Europe, yet lacks specific cryptocurrency regulations.
Irish Independent reported on the impact of this move, quoting a Blockchain Ireland spokesperson who expressed concern, stating, “This shift is alarming for Ireland’s standing in the developing European crypto sector, and jobs might be affected.”
Growing Presence of US Exchanges in Europe
Gemini is not alone in its strategy to broaden its European reach; many US-based exchanges are expanding into the EU. Robinhood Crypto announced its launch in Spain on January 21, 2025, offering trading, staking, and investment services, aligning with the implementation of MiCA at the close of 2024. Johann Kerbrat, Robinhood’s crypto division general manager, emphasized the EU’s market size, noting it is comparable to the US. Additionally, Crypto.com gained preliminary approval for its MiCA license on January 18, 2025, marking a significant milestone for a global crypto service provider.
Learn More: Robinhood Expands to Spain Under MiCA Regulations
