Coinbase and set Gemini expand according to the mica rules into the EU

According to reports, Gemini and Coinbase are about to receive operating licenses in the European Union, which means a big step forward in their international growth plans.

This Permits Would enable both stock exchanges to offer services in all EU member states as part of the recently introduced “Market in Crypto-Assets” (Mica) framework.

With the matter, Reuters announced that the registration of Gemini is expected to be expected via Malta, while Coinbase is aiming for an approval in Luxembourg – a jurisdiction that is praised for its global financial strength.

If this step is confirmed, the two US giants would be included in the growing list of stock exchanges that adapt to the mica rules. Bybit has already received a license in Austria and Binance has adapted its procedures in Poland to the regulatory framework.

Mica was created to standardize the crypto rules throughout the EU and came into force in June 2024. By December, the national regulatory authorities received a complete set of rules for enforcement, which followed the requirements of the European Securities and Market Authority (ESMA). Although Mica is supposed to bring clarity and stability into the sector, questions remain unanswered – especially with regard to stable coins.

A clause obliges issuers to keep a high proportion of reserves in EU banks, which some companies like Tether has held from registration. Stable coin emitters such as Circle and Société Générale have received approval.

Despite regulatory progress, some countries, including Italy, report only limited stablecoin activities. Instead, the market focus seems to shift to the custody and trade infrastructure- areas in which Gemini and Coinbase could now find fertile soil under the supervision of the mica.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.