Gemini Secures MiFID II License from Malta’s MFSA

By: cryptosheadlines|2025/05/09 22:15:05
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Gemini, a leading cryptocurrency exchange in the U.S., has gotten a license from the Malta Financial Services Authority (MFSA) under the Markets in Financial Instruments Directive II (MiFID II). According to a blog post, this license allows Gemini to offer regulated crypto derivatives in the European Union (EU) and the European Economic Area (EEA). Notably, this marks a key step in Gemini’s plan to expand internationally.Gemini to Expand EU Derivatives OfferingThe Markets in Financial Instruments Directive is a regulatory framework designed to enhance investor protection and promote market transparency within the EU. By securing this license, Gemini aims to position itself as a key player in the European derivatives market, offering its user base a broader range of financial products. Furthermore, the expansion reflects the maturation of the cryptocurrency market, with platforms like Gemini recognizing the need to offer a comprehensive suite of financial products beyond traditional spot trading. The MFSA’s approval shows confidence in Gemini’s ability to meet Europe’s legal and economic standards. Expansion Into Europe Reach With Key AppointmentsRecently, Gemini hired a new senior management team to manage operations in Europe. Mark Jennings was appointed the new Head of Europe at Gemini, and Daniel Slutzkin was appointed the head of Gemini in the U.K. Slutzkin will help strengthen Gemini’s presence in the U.K., which is important for the company’s plans in Europe. Vijay Selvam is now the international General Counsel at Gemini.Meanwhile, the crypto exchange founded by the Winklevoss twins focuses on building a strong, user-friendly platform that complies with regulations. As the crypto market grows in Europe, the exchange wants to meet the needs of its diverse users in the region. Intriguingly, Singapore is also a key part of Gemini’s Asia-Pacific strategy. The Monetary Authority of Singapore (MAS) granted Gemini an in-principle approval for a Major Payment Institution (MPI) license.Gemini is Not the Only One Eyeing the European MarketAlthough the cryptocurrency market has been volatile, the widespread adoption of cryptocurrencies in Europe has not slowed. As per reports, the American cryptocurrency exchange Coinbase unveiled plans to acquire a MiFID-licensed entity last year. This decision is part of the exchange’s ongoing efforts to diversify its product portfolio and cater to the evolving cryptocurrency market needs.Recall that the US-based exchange’s push toward an offshore derivatives exchange is part of its strategy to be globally known across six continents. Coinbase has also been granted a regulatory license in Bermuda to launch an offshore derivative exchange.Source link

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