Gemini Receives MiFID II License to Provide Derivatives in EEA

Gemini has obtained a MiFID II license from the Malta Financial Services Authority, allowing it to offer derivative products in the European Economic Area. Key points include:

• The license enables Gemini to provide perpetual futures and other derivatives across 27 EU nations, plus Iceland, Liechtenstein, and Norway.
• A spokesperson stated that technical and operational steps are necessary before launching these products, expected in the coming months.
• Coinbase is expanding its presence in derivatives by acquiring the options platform Deribit for $2.9 billion.
• Gemini's move follows Kraken, which secured a similar MiFID license in February through the purchase of a Cyprus-based investment firm.
• This development is part of Gemini's broader strategy for European expansion, targeting both retail and institutional users.