What to know:

• Gemini has secured a MiCA license from the Malta Financial Services Authority.
• The approval follows Gemini’s MiFID II license win in May and the launch of tokenized stocks in Europe.
• The exchange says this move bolsters its commitment to compliance and positions it to introduce new financial products, including derivatives, under the EU’s harmonized rules.

Gemini, supported by the Winklevoss twins, has obtained a Markets in Crypto Assets (MiCA) license from the Malta Financial Services Authority (MFSA). This is a significant advancement for expanding across the European Union under the newly established regulatory framework, as stated in a blog post.

This license is a major step in Gemini’s plan for the EU, allowing the company to provide trading services across over 30 European countries.

Europe’s MiCA regulation, which was implemented recently, serves as the EU’s first comprehensive crypto regulatory framework intended to standardize digital asset management across member countries and clarify legal operations for businesses in the sector.

Gemini has been progressively establishing its regulatory compliance in Europe. Recently, in May, they secured a Markets in Financial Instruments Directive (MiFID II) license for offering derivatives, followed by the introduction of tokenized stocks in Europe a month later.

The exchange emphasized that the MiCA license highlights its ongoing focus on compliance while aiming to roll out additional offerings, such as derivatives, for both retail and institutional customers.

Additionally, Gemini is working to go public, having recently engaged investment banks like Goldman Sachs, Citigroup, Morgan Stanley, and Cantor to assist with its IPO.