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Gemini Secures Malta License for EU Crypto Derivatives

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gemini malta eu crypto license
Key Points:

  • Gemini expands into EU with new derivatives license.
  • Regulated derivatives trading now possible via Malta license.
  • Strategic growth in European market expected for Gemini.

gemini-secures-malta-license-for-eu-crypto-derivatives
Gemini Secures Malta License for EU Crypto Derivatives

Gemini, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has acquired a MiFID II license from Malta, allowing it to offer crypto derivatives throughout the European Union and European Economic Area.

The license enhances Gemini’s presence in Europe’s crypto markets, promising expanded access to derivatives trading. Financial markets anticipate broader participation once operational conditions are met.

Expansion into Europe

Gemini has strengthened its European footprint by obtaining a MiFID II license from Malta, enabling it to offer crypto derivatives across the EU and EEA. This expansion allows trading of perpetual futures and other derivative products.

Founders Cameron and Tyler Winklevoss aim to boost their influence in Europe. With support from Mark Jennings, Gemini’s European head, the company plans a full-scale rollout in the upcoming months.

“Once we commence business activities, we will be able to offer regulated derivatives throughout the EU and EEA.” — Mark Jennings, Head of Europe, Gemini

The approval benefits Gemini by cementing its regulated presence in Europe. The cryptocurrency exchange can engage with both retail and institutional clients, elevating its position in the European financial landscape.

Financial analysts view this development as a catalyst for Gemini’s growth, likely influencing market dynamics. The approval under the MiFID II framework signifies a major step, pending further regulatory green lights for full operations.

Market observers expect Gemini’s European advances to align with broader economic trends. The license secures a foothold, crucial for participating in Europe’s impending crypto regulatory landscape shaped by upcoming frameworks.

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