Gemini obtains approval to broaden its cryptocurrency derivatives services in the EU.

US-based Gemini has obtained a Markets in Financial Instruments Directive (MiFID) II authorization from the Malta Financial Services Authority (MFSA), as announced on May 9.

This authorization enables the exchange to provide regulated cryptocurrency derivatives throughout the European Union (EU) and the European Economic Area (EEA).

With this new license, Gemini is poised to start offering certain derivatives, such as perpetual futures, targeting advanced users. The exchange has indicated its ongoing collaboration with regulators to satisfy the requirements necessary for a comprehensive launch.

Mark Jennings, who leads Gemini’s operations in Europe, expressed enthusiasm about this progress, noting that it significantly advances their goal of introducing derivative products to both retail and institutional clients within the EU and EEA.

The recent approval comes after prior recognition from Malta’s regulatory body and reinforces Gemini’s decision to anchor its European licensing initiatives in Malta, a jurisdiction viewed favorably for cryptocurrency enterprises.

Gemini aims to strengthen its presence in Europe as part of a larger strategy for growth in 2025.

The exchange emphasized that this license opens new avenues for development in one of the most promising markets for crypto worldwide.

Additionally, Gemini is committed to pursuing a Markets in Crypto-Assets (MiCA) license, which would allow the exchange to offer an expanded range of regulated cryptocurrency services across EU member countries.

In parallel, Gemini’s expansion efforts align with a broader trend in the industry, where numerous crypto companies are relocating to regions with well-defined regulatory environments. Major firms such as Crypto.com, Kraken, and Coinbase have also made significant advancements in this area recently.

This surge can be attributed to Europe’s implementation of the MiCA framework, which has enhanced its appeal for companies seeking legal assurance amidst rising interest in digital assets from both institutional and retail investors.