Cryptocurrency exchange Gemini, founded by Cameron and Tyler Winklevoss, has taken a significant step in its European expansion strategy after receiving a MiFID II license from the Malta Financial Services Authority (MFSA). The license, granted to its Maltese entity Gemini Intergalactic EU Artemis on May 8, allows the platform to offer regulated crypto derivatives across the European Union (EU) and European Economic Area (EEA).
Gemini Eyes Derivatives Rollout Across EU and EEA
With the MiFID II authorization in hand, Gemini is now positioned to introduce a suite of crypto derivatives products—including perpetual futures—to advanced users in Europe. According to Mark Jennings, Gemini’s head of Europe, this development marks a major milestone for the exchange’s ambitions in the region.
“Once we commence business activities, we will be able to offer regulated derivatives throughout the EU and EEA under MiFID II,” Jennings stated. He emphasized that the forthcoming product suite would cater to both retail and institutional investors. “Over the coming months, we will be working toward meeting the required conditions to launch these products across Europe,” he added.
Building on Momentum: Gemini’s Regulatory Track Record in Europe
Gemini’s latest regulatory achievement follows a series of strategic moves to strengthen its European footprint. In January 2025, the company announced plans to establish Malta as its central hub for compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation. This followed the MFSA’s approval of Gemini’s sixth European Virtual Asset Service Provider (VASP) registration in December 2024.
However, while the MiFID II license paves the way for crypto derivatives trading, Gemini has yet to secure full licensing under the MiCA framework—a requirement that will become essential for broader operations under the EU’s new regulatory landscape.
The move underscores Gemini’s broader strategy to align with European regulatory standards amid a global push for clearer frameworks around digital assets. As competition intensifies in the crypto derivatives space, Gemini’s MiFID II license signals its intent to establish a regulated, pan-European trading infrastructure that appeals to sophisticated market participants.
