Gemini, the Crypto Exchange supported by Billion -Billions Winklevoss Twins, has earned a market in crypto assets (Mica) License from Malta Financial Services Authority (Mfsa)strengthening its bid to expand throughout the European Union under the new Bloc regulation framework, the company said in a Blog post Thursday.
Approval marks a significant step in Gemini’s EU strategy, allowing the firm to release trade and service products to customers to more than 30 European constituents, the company noted.
European markets in crypto-assets (Mica) The regulation, which occurred this year, was the first region of the EU’s crypto rules, designed to harmonize the digital asset oversight throughout the member states and provide legal clarity for companies operating in the sector.
Gemini continues to build a base of its regulation in the region. In May, the company secure a market in the directive of financial instruments (Mifid II) License to offer derivatives. It was followed by Launching tokenized stocks In Europe a month later.
The Crypto Exchange said the MICA’s license emphasized the long -term focus on its appearance to introduce additional offerings, including derivatives, to both retail and institutional clients in Europe.
Gemini is also among many crypto companies looking to be public. Last week, the company said it hired Goldman Sachs (GS)Citigroup (C)Morgan Stanley (Ms) and Cantor as lead bookrunners for planned Ipo.
Read more: Gemini hire Goldmans, Citi, Morgan Stanley and Cantor as Lead Bookrunners for its IPO
