Background

Gemini and Coinbase Secure EU Licenses Under MiCA

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gemini coinbase eu licenses mica
Key Points:

  • Gemini and Coinbase to expand services across EU.
  • Approvals from Malta and Luxembourg.
  • Potential increases in trading volumes.

gemini-and-coinbase-secure-eu-licenses-under-mica
Gemini and Coinbase Secure EU Licenses Under MiCA

Main Content

Gemini and Coinbase are set to receive EU-wide licenses under MiCA, with approvals expected from Malta and Luxembourg.

The EU licenses allow Coinbase and Gemini to broaden their reach, impacting EU market dynamics and crypto asset trades.

Gemini and Coinbase, led by influential industry figures, are progressing towards obtaining EU-wide MiCA licenses. Gemini’s approval is expected from Malta, while Coinbase’s is from Luxembourg, enabling them to operate across EU member states.

With licenses secured, both exchanges can extend their trading and staking services across Europe. This expansion could significantly impact revenues and market share, with key assets like BTC and ETH seeing increased trading activity.

The licensing aligns with ongoing regulatory adjustments under MiCA, which allows a single member state license to provide EU-wide access. Concerns include the rapid pace of Malta’s licensing, potentially leading to compliance issues.

Some national watchdogs aren’t so sure about how fast things are moving, especially in smaller countries like Malta. Their concern? That light-touch reviews could let poorly vetted firms slip through the cracks and still operate across the EU. – source

Potential outcomes include increased liquidity and enhanced market confidence in regulated exchanges. Historical data suggests license approvals trigger growth in trading volumes and market presence for both large capitals and various digital assets.

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