Crypto firm Gemini assures Mifid II’s license from Malta to offer derivatives to EEA
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, said it obtained a Mifid II license from Malta that allows to offer derivative products throughout the European Economic Area.
The license from the Malta Financial Services Authority (MFSA) will provide the company to offer eternal futures and other derivatives throughout 27 European Union countries including Iceland, Liechtenstein and Norway, once the necessary conditions meet, Gemini said Friday.
“There are technical and operational measures to ensure that we will launch these products in a following and safe way, which we hope to do in the coming months,” said a Gemini spokesman.
The exchanges move to derivatives as the next border for income growth. One of the largest crypto exchanges, Coinbase (coins), on Thursday said it agreed to pay $ 2.9 billion to buy Bitcoin Btc$102,758.38 and Ether Eth$2,297.78 Platform Deribit platform options. It gives the purchase of an immediate “dominant foothold” in the derivatives space, a note from benchmark analyst Mark Palmer at that time.
In Europe, Gemini is following in the footsteps of rival Kraken, who obtained an MIFID license in February by purchasing a The investment company based in Cyprus.
“This is a strict Kapana -exciting development in our 2025 European expansion, as it puts Gemini a step closer to offering our products derived from both retail and institutional users to the EU and EEA,” the company said.
Read more: In the $ 2.9B deal, Coinbase agreed to buy a derivit to expand in the US Options market
Update (May 9, 15:26 UTC): Added Gemini’s comment to the third paragraph.
