On May 9, 2025, Gemini, founded by Cameron and Tyler Winklevoss, announced it has received regulatory approval to expand crypto derivatives trading across Europe. The exchange secured a Markets in Financial Instruments Directive II (MiFID II) license from the Malta Financial Services Authority (MFSA). This license enables Gemini to offer regulated derivatives throughout the EU and EEA.
Gemini's head of Europe, Mark Jennings, stated that the MiFID II license marks a significant milestone in the company's European expansion. The upcoming derivatives offering will include perpetual futures and other derivatives. These will be available to advanced users of Gemini.
According to MFSA records, Gemini's Maltese entity, Gemini Intergalactic EU Artemis, was issued its license on May 8, 2025. In January 2025, Gemini announced Malta as its hub for compliance with the European Union's Markets in Crypto-Assets (MiCA) framework. As of May 2025, the exchange has not yet obtained full MiCA licensing.
Coinbase announced the $2.9 billion acquisition of Deribit on May 8, 2025. Kraken confirmed plans to purchase NinjaTrader on May 1, 2025, for $1.5 billion. These events highlight the growing trend for derivatives in the crypto industry globally.
This article is based on our author's analysis of materials taken from the following resource: Cointelegraph.