Gemini has significantly advanced its European expansion strategy by securing a Markets in Crypto-Assets Regulation (MiCA) license from Malta's Financial Services Authority (MFSA). This approval, announced in August 2025, enables the exchange to legally offer cryptocurrency services across all 30+ European Economic Area countries under a unified regulatory framework. The license reduces operational fragmentation and aligns with the EU's goal of harmonizing crypto rules to enhance market stability and investor confidence.
This milestone follows Gemini's acquisition of a Markets in Financial Instruments Directive II (MiFID II) license in May 2025, which permits the offering of crypto-based derivatives and tokenized financial products. In June 2025, Gemini launched tokenized stocks for European users on the Arbitrum blockchain, representing traditional equity shares tradable 24/5. These products, targeting companies like MicroStrategy, bridge traditional and digital finance under MiFID II compliance.
Malta serves as a strategic regulatory hub for Gemini, being the fifth platform approved under MiCA by the MFSA. The dual licenses position Gemini among early MiCA adopters like Bitpanda and Crypto.com, strengthening its competitive standing. Despite reporting a $282.5 million loss in H1 2025 amid declining revenues, Gemini maintained $18.2 billion in platform assets and saw a slight rise in active users. The regulatory credentials also support Gemini's upcoming Nasdaq public listing under the symbol GEMI, reinforcing its credibility.
Industry commentators, such as DustyBC Crypto, highlighted this development as a step toward global crypto adoption. The licenses are expected to intensify competition in Europe, potentially leading to improved services and pricing for users while attracting institutional partnerships.