Gemini takes important regulatory hurdles for the introduction of crypto derivatives in the EU

Gemini has taken a decisive step in its expansion strategy in Europe by receiving the official approval for the offer of crypto derivatives throughout the European Union.

The stock exchange announced knownThat she received a MiFID II license from the Maltese financial supervisory authority that enables it to introduce advanced trading products under a uniform regulatory framework in both the EU and in the EEA.

With this license, Gemini is now preparing the introduction of a series of regulated derivatives, including Perpetual Futures, which are aimed at more experienced dealers in the region.

A fixed start date has not yet been determined, but the company states that it will adapt its processes to the regulatory standards required for activation in the coming months.

The approval was granted and marked another milestone in the growing presence of the company in Europe on May 8 to the Maltese subsidiary of Gemini, Gemini Intergalactic EU Artemis. She follows Gemini's earlier decision to anchor his EU activities in Malta in order to prepare for the complete compliance with the upcoming mica regulations (markets in crypto-assets).

Although a complete mica license is still pending, Gemini has already received several registrations as a virtual asset service provider (VASP) on the entire continent-which underlines its intention to establish itself in the long term in the developing cryptol landscape in Europe.