Gemini Secures MiCA License in Malta, Expands European Presence

TL;DR

• Crypto exchange has secured a MiCA license from the Malta Financial Services Authority.

• Gemini says this license allows it to roll out new products, including derivatives, under the EU’s harmonized crypto rules.

Gemini Secures MiCA License in Malta

U.S.-based cryptocurrency exchange announced in a blog post on Thursday that it has secured a Markets in Crypto Assets (MiCA) license from the Malta Financial Services Authority (MFSA).

The exchange, backed by the billionaire Winklevoss twins, stated that this latest development strengthens its bid to expand across the European Union under the bloc’s new regulatory framework.

Thanks to this approval, Gemini can now roll out its trading products and services to customers in more than 30 European jurisdictions. 

Markets in Crypto-Assets (MiCA) regulation came into effect earlier this year and is the EU’s first region-wide crypto rulebook. The regulation is designed to harmonize digital asset oversight across member states and provide legal clarity for firms operating in the sector.

This latest development comes as Gemini has been expanding its regulatory base in Europe. In May, the crypto exchange secured a Markets in Financial Instruments Directive (MiFID II) license to offer derivatives. That was followed by the launch of tokenized stocks in Europe a few weeks later. 

Gemini is one of the numerous crypto companies that are looking to go public soon. Earlier this year, the company revealed that it plans to go public before the end of 2025. Last week, Gemini hired Goldman Sachs (GS), Citigroup (C), Morgan Stanley (MS), and Cantor as lead bookrunners for its planned IPO.