Cryptocurrency exchange Gemini has received in-principle approval from Malta’s financial watchdog for an investment firm licence, marking a significant step towards its European expansion. The Malta Financial Services Authority (MFSA) approval positions Gemini to offer regulated crypto services across the European Economic Area. The firm plans to use Malta as its base for its Markets in Crypto-Assets (MiCA) application.
A full licence would enable Gemini to provide regulated futures and options trading under MiFID II regulations, meeting growing institutional demand across Europe. Mark Jennings, Head of Europe at Gemini, called the approval a crucial milestone, highlighting increasing demand for crypto derivatives among institutional investors. The exchange plans to enhance its service offerings, including perpetual futures alongside its existing spot exchange and OTC trading systems.
The move aligns with a broader trend of crypto firms expanding their European presence ahead of MiCA’s implementation, the EU’s first comprehensive digital assets framework adopted in 2023.
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