Gemini reinforces its expansion in Europe with Mica license in Malta

By Canuto

The exchange of Winklevos twins consolidates its position in Europe with a Mica license in Malta. The approval allows Gemini to implement its cryptocurrency products and services to customers throughout the region.

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• The exchange of Winklevos twins consolidates its position in Europe with a Mica license.
• The approval in Malta allows Gemini to implement its products and services throughout the region.
• Meanwhile, the company pursues an IPO in the United States to take its actions to Nasdaq.

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Cryptocurrency exchange Geminifounded by the Winklevos twins, has achieved a key advance in its expansion strategy to the old continent by obtaining a license under the cryptoactive market regulations (Mica) of the European Union.

The approval was granted by the Malta Financial Services Authority (MFSA), according to the company in a blog post, allowing the platform to extend its cryptocurrency trade services to more than 30 jurisdictions in the continent.

This license comes at a time of regulated growth to Geminiwhich already has an MIFID II authorization obtained in May that allows it to offer derivatives in the European market.

“Receive this approval marks a critical milestone in our regulated expansion in Europesince it will allow us to expand our safe and reliable crypto products for customers in more than 30 European countries and jurisdictions ”said Mark Jennings, director of Gemini For Europe, in a statement.

Gemini Conquest Europe with Mica License

The MICA regulations, in force since December 2024, seek to harmonize the rules for digital assets in the EU, promoting legal clarity and the adoption of cryptocurrencies in the region. Gemini He emphasized his commitment to regulatory compliance, stating that “We believe that a clear regulation of the industry is the basis of Crypto’s global adoption, and Mica’s implementation has shown that Europe is one of the most innovative and progressive regions in this regard“

Development occurs at a time of growth to Geminithat not only focuses on the European market. The company An initial public offer (IPO) is currently pursuing in the United States, having recently hired banks as Goldman Sachs, Citigroup and Morgan Stanley To lead the output process to Nasdaq.

In addition, it launched an offer of tokenized shares in the European market at the end of June, using the network Arbitrum to allow the 24/7 trade of actions such as those of Strategy. These steps reflect trends in the industry, where competitors such as Kraken and Robinhood They have also introduced similar tokenization products and seek regulatory expansions or public lists.

With this license, Gemini joins a select group of cryptoactive service providers (CASP) authorized in Malta, including Bitpanda, Crypto.com and OKX. The MFSA has issued five MICA licenses to date, although it faces scrutiny of the European Authority of Securities and Markets (ESMA) for aspects of its authorization process.

This development positions Gemini As a more solid actor in the European cryptocurrency ecosystem, in the midst of a regulatory panorama that promises greater stability for retail and institutional investors.

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Article written with the help of AI, edited by Diariobitcoin

Edited image of Unspash, with Gemini logo

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