Frax (frax) 
Gemini Secures In-Principle Approval for Investment Firm License in Malta
Crypto exchange Gemini has achieved a significant milestone in its European expansion, obtaining in-principle approval for an Investment Firm License from the Malta Financial Services Authorities (MFSA). This approval is a crucial step towards Gemini’s goal of offering perpetual contracts across the European Union and the European Economic Area.
Expansion Under MiFID II
The Investment Firm license, pending full authorization by the MFSA, will enable Gemini to operate under the Markets in Financial Instruments Directive (MiFID II), a key regulatory framework governing investment services in the EU. Mark Jennings, Gemini’s head of Europe, noted that this approval is a key milestone in the company’s commitment to providing a best-in-class offering for retail and institutional investors.
Receiving in-principle approval for an Investment License is a key milestone in our commitment to providing a best-in-class offering for retail and institutional investors. Interest in crypto derivatives, particularly from institutions, has increased significantly in recent years, as crypto matures into a recognised asset class.
Passporting Approval Across the EU
Although the approval was issued by Malta’s financial regulator, Gemini intends to passport the approval to operate across the European Union under MiFID II. This process will allow the company to offer its regulated derivatives products to a broader European market.
MiCA License Applications
Several major crypto companies, including Crypto.com, Bitpanda, OKX, Circle, Bullish Group, and Boerse Stuttgart Digital, have already received Markets in Crypto Assets (MiCA) licenses. Gemini previously announced that it selected Malta as its MiCA hub, but has not yet received in-principle approval under MiCA.
Tips for Investors
- Understand the regulatory frameworks governing investment services in the EU, such as MiFID II and MiCA.
- Research and stay up-to-date on the latest developments in the crypto market, including regulatory approvals and licensing.
- Consider the implications of regulatory approvals on the growth and adoption of crypto derivatives.
Stay Informed with Global Crypto News
Stay ahead of the curve with the latest news and updates on the crypto market. For more information on Gemini’s expansion and regulatory developments, visit Global Crypto News.
