Gemini, the exchange of crypto founded by Cameron and Tyler Winklevoss, said that he had obtained a Mifid II license from Malta allowing him to offer derivatives through the European economic domain.
The license of the Malta Financial Services Authority (MFSA) will allow the company to offer perpetual term contracts and other derivatives in the 27 nations of the European Union plus Iceland, Liechtenstein and Norway, once the conditions are required, Gemini said on Friday.
“There are technical and operational steps to ensure that we launch these products in a compliant and secure manner, which we hope to do in the coming months,” said a spokesperson for Gemini.
The exchanges have been derived as the next border for income growth. One of the biggest trade in crypto, Coinbase (corner), said on Thursday that he agreed to pay $ 2.9 billion to buy Bitcoin BTC$102,871.98 and ether Ethn$2,297.38 Disclaimer of options. The purchase gives him an immediate “dominant foot” in the space of derivatives, said at the time a note from the reference analyst Mark Palmer.
In Europe, Gemini follows the traces of the Kraken rival, which obtained a Mifid license in February by buying an investment company based in Cyprus.
“This is an extremely exciting development in our European expansion in 2025, because it puts Gemini one more step by offering our derivative products to users of retail and institutional EU and the EEA,” said the company.
Read more: In the agreement of $ 2.9 billion, Coinbase agrees to buy drunken to enlarge the American options market
Update (May 9, 15:26 UTC): Add gemini comments in the third paragraph.
