Overview
- Malta’s MFSA granted Gemini a MiCA authorization that passports its crypto services across more than 30 EU and EEA jurisdictions.
- Gemini becomes the fifth exchange licensed under Malta’s regime, joining Bitpanda, Crypto.com, OKX and ZBX.
- In May the company secured MiFID II status to offer derivatives, followed by a June rollout of tokenized stocks on Arbitrum for European users.
- The move aligns with Gemini’s push toward a Nasdaq listing under the ticker GEMI, with Goldman Sachs, Citigroup, Morgan Stanley and Cantor named as lead bookrunners and H1 2025 net losses disclosed at $282.5 million.
- Company executives cast the framework as a foundation for adoption, as some regulators question the speed of MiCA approvals in Malta and call for closer EU oversight.