The post Gemini Breaks New Ground in Europe appeared on BitcoinEthereumNews.com.

Gemini, the well-known cryptocurrency exchange founded by the Winklevoss twins, has successfully secured a significant license from Malta, known as the MiFID II, paving the way for it to offer derivative products throughout the European Economic Area (EEA). This development allows Gemini to introduce a variety of derivative services, including perpetual futures, across the European Union’s 27 member countries, along with Iceland, Liechtenstein, and Norway. Issued by the Malta Financial Services Authority, this licensing underscores a pivotal advancement for the company in its broader European strategy. How Is Gemini Enriching the European Scene? Obtaining this license is paramount for Gemini, as it empowers the company to target both retail and institutional clientele with derivative offerings. Although Gemini announced its readiness to roll out these products once specific conditions are met, it has not disclosed further details on these prerequisites. As requests for additional information remain unanswered, the company’s next steps are eagerly awaited by industry watchers. Will Rivals Adapt to Gemini’s Strategy? Gemini’s strategic entry into the European derivatives space highlights the intensifying competition among crypto exchanges. Reflecting similar direction, Kraken earlier made headway in the market by acquiring a Cyprus-based investment firm and obtaining its own MiFID license. By paralleling Kraken’s approach, Gemini aims to carve out its place in this rapidly evolving market. Additionally, Coinbase is ramping up its capabilities with a massive $2.9 billion acquisition of Deribit, a leading Bitcoin and ether options platform. This move, noted by Benchmark analyst Mark Palmer, fortifies Coinbase’s position in the derivatives arena, indicating a robust market rivalry. In its announcement, Gemini expressed enthusiasm about this major step in its European agenda for 2025, marking significant progress toward offering derivative products to both individual and institutional participants in the EU and EEA. How Are Regulations Shaping the Market? Regulation continues to…

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Filed under: News - @ May 10, 2025 10:10 pm