The exchange plans to launch perpetual futures and other derivatives for advanced traders in Europe following its latest regulatory milestone.
Gemini has received a MiFID II licence from the Malta Financial Services Authority, allowing it to offer regulated crypto derivatives across the EU and EEA.
The exchange, founded by Cameron and Tyler Winklevoss, plans to offer products like perpetual futures to advanced traders. According to Gemini’s European head Mark Jennings, the licence is a major step in expanding services to retail and institutional clients.
Gemini will now work to meet final conditions before launching derivatives products. Its Maltese entity, Gemini Intergalactic EU Artemis, was granted the licence on 8 May.
The company had already chosen Malta as its base for compliance with Europe’s upcoming MiCA regulations. While it holds six VASP registrations in Europe, Gemini is still awaiting full MiCA approval.
Crypto derivatives are growing fast. Coinbase recently announced a $2.9 billion deal to buy Deribit, while Kraken plans to acquire NinjaTrader for $1.5 billion. Gemini’s move marks its entry into this competitive space.
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