Gemini and Coinbase Set for EU Expansion With New Licenses – Coincu

Gemini secures an EU-wide operating license in Malta under MiCA regulations. This move allows the company to extend services across Europe, influencing derivatives trading.

The regulatory clarity offered by MiCA is likely to boost confidence and liquidity in the cryptocurrency market significantly.

Gemini Strengthens European Foothold with Malta License

Gemini, founded by the Winklevoss brothers, has secured an Investment Firm License from Malta to operate throughout the EU under MiFID II. This development positions Gemini strongly to offer regulated derivatives, utilizing Malta’s swift licensing process.

Coinbase, aiming to secure a license from Luxembourg, is expanding its presence in Europe. Despite delays, Coinbase’s $2.9 billion acquisition of Deribit signals strategic growth in derivatives, reinforcing its market position upon license approval.

This acquisition provides Coinbase with an immediate ‘dominant foothold’ in the derivatives market. – CoinDesk

Market Dynamics Shift as MiCA Impacts Crypto Operations

Did you know? The introduction of the MiCA regulation in the EU follows the precedent set by the Netherlands, with ZBD obtaining the first MiCA license in 2024, marking a pivotal shift in regulatory dynamics.

Bitcoin’s current price is $105,018.99, with a market cap of $2.09 trillion, maintaining a 63.95% market dominance, based on data from CoinMarketCap. Trading volume has dropped by 24.95% to $35.67 billion over 24 hours, while the price remains stable over the past 24 hours.

Coincu’s research indicates Gemini’s Malta license could lead to increased institutional trading in Europe.