Gemini, the cryptocurrency exchange established by Cameron and Tyler Winklevoss, has secured a MiFID II license from Malta. This milestone permits the company to introduce derivative products across the European Economic Area.

The Malta Financial Services Authority (MFSA) granted this license, enabling Gemini to offer perpetual futures and other derivatives in the 27 EU nations as well as Iceland, Liechtenstein, and Norway, following the fulfillment of necessary conditions.

“There are technical and operational steps to ensure we launch these products in a compliant and secure manner, which we hope to do so in the coming months,” a Gemini representative stated.

Exchanges are increasingly venturing into derivatives to enhance revenue, with Coinbase recently announcing a $2.9 billion acquisition of the bitcoin and ether options platform Deribit to gain a competitive edge in derivatives trading.

In Europe, Gemini is emulating competitor Kraken, which recently obtained a MiFID license by acquiring a Cyprus-based investment firm.

Gemini remarked, “This is a hugely exciting development in our 2025 European expansion, bringing us closer to offering our derivative products to both retail and institutional users across the EU and EEA.”

Read more: In $2.9B Deal, Coinbase Agrees to Buy Deribit to Expand in U.S. Options Market