Gemini has received in-principle approval for a license from the Malta Investment Authority to offer perpetual contract services in the EU

ChainCatcher news, according to Cryptonews, the cryptocurrency exchange Gemini has received in-principle approval for an investment firm license from the Malta Financial Services Authority (MFSA). This license will allow Gemini to offer regulated futures and options trading services to professional traders and institutions in the EU and the European Economic Area under the framework of the Markets in Financial Instruments Directive (MiFID II).

Mark Jennings, Head of Gemini Europe, stated that this is an important step in the company's European expansion strategy for 2025. Currently, Gemini is engaged in multiple operations in Europe, including spot trading of over 90 digital assets, an ActiveTrader platform with more than 80 trading pairs, and over-the-counter trading services for institutional traders.

Previously, Gemini had chosen Malta as its business center for the EU's regulatory framework for crypto assets (MiCA).