Gemini, Crypto Exchange supported by billionaire Winklevoss Twins, has secured a markets in crypto active (Glitter) License from Malta Financial Services Authority (MFSA)It is strengthening its bid to expand over the European Union under the block’s new regulatory framework, the company said in a blog post on Thursday.
The approval marks a significant step in Gemini’s EU strategy that allows the company to roll its trading products and services to customers in more than 30 European jurisdictions, the company noted.
Europe’s markets in crypto assets (Glitter) Regulation, which came into force this year, is the EU’s first regional crypto rulebook, designed to harmonize digital asset monitoring across Member States and provide legal clarity for companies operating in the sector.
Gemini has steadily built its legislative base in the region. In May, the company secured a markets in Directive on financial instruments (MiFID II) License to offer derivatives. It was followed by the launch of tokenized shares in Europe a month later.
Crypto Exchange said the MICA license emphasizes its long-standing focus on compliance as it seems to introduce additional offers, including derivatives, to both retail and institutional clients in Europe.
Gemini is also among several cryptic companies that appear to be public. Last week the company said it had hired Goldman Sachs (GS)Citigroup (C)Morgan Stanley (Ms) And Cantor like Lead Bookrunners for his planned IPO.
Read more: Gemini Hires Goldmans, Citi, Morgan Stanley and Cantor as Lead Bookrunners for his IPO
