Gemini, a renowned cryptocurrency exchange, has acquired an investment firm license from the Malta Financial Services Authority (MFSA). The exchange’s Head of Europe, Mark Jennings, confirmed the development in a blog post on Friday. As revealed, this license allows the exchange to offer regulated derivatives services throughout the EU and EEA under the Markets in Financial Instruments Directive (MiFID II).
It is worth noting that this license further brings Gemini a step closer to offering its derivative products to both retail and institutional users in the European Union and European Economic Area. In addition, services including perpetual futures and other derivatives will be made available to advanced users of Gemini.
Jennings, in the post, further added that the license will create new exciting opportunities in the European market and beyond. He added that in the coming months, the exchange will focus on launching these products across Europe.
Gemini partners with Bank Frick
Over the last few months, the exchange has continually worked to ensure that all users in the EU and EEA enjoy its services. In March, it partnered with Bank Frick to make USD payment rails available to institutional customers in UK, EU and EEA. In addition, institutional users in other regions such as Gibraltar, Jersey, Guernsey, and the Isle of Man also benefited from the services.
Also in February, Gemini partnered with algorithmic automation firm, Arch Public to bring effective trading solutions to the digital assets market. As revealed, the partnership allowed Arch Public to offer its new Bitcoin Arbitrage Algorithm to the exchange’s institutional and retail investors.
Earlier this year, Gemini also announced its plan to secure Malta as its hub for the Markets in Crypto-Assets (MiCA) framework. As revealed, the decision underscores the exchange’s strong commitment to improving regulatory compliance and fostering growth in Europe. However, as of press time, the exchange is yet to obtain full MiCA licensing. In December 2024, Gemini obtained its Virtual Financial Assets (VFA) service license in Malta.
It is worth noting that the exchange was launched in 2014 by Cameron and Tyler Winklevoss. The exchange currently trades, sells, buys, and securely stores over 150 cryptocurrencies.
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