Winklevoss-Owned Gemini Wins MiCA Approval for EU Expansion

TheCryptoTimesPublished on 2025-08-03Last updated on 2025-08-21

Gemini, an American cryptocurrency exchange owned by the Winklevoss twins, has received a Markets in Crypto-Assets (MiCA) license in Malta, granted by the Malta Financial Services Authority (MFSA).

The license will enable Gemini to provide its crypto services to more than 30 European nations, enabling the company to expand in the region. Gemini said it wants to provide “secure and reliable” crypto products to customers across Europe.

https://twitter.com/Gemini/status/1958513980596498488

MiCA is a new European Union regulation that sets rules for crypto companies operating in Europe. This license aims to make the crypto market safer, more transparent, and legally clear.

Gemini said that clear rules like MiCA are important for crypto adoption worldwide, and it praised Europe for being “forward-thinking” in regulation.

Gemini’s Crypto Expansion

Earlier in May, Gemini got a MiFID II license, which lets it offer derivatives trading in Europe. With that license, Gemini offers crypto derivatives across the entire European Union (EU) and European Economic Area (EEA).

Just last week, Gemini also filed IPO to list its Class A shares on Nasdaq under the ticker GEMI, marking a big step toward becoming a public company.

In its IPO filing, Gemini revealed a net loss of $282.5 million in the first half of 2025, compared to $41.4 million last year. Revenue dropped slightly to $68.6 million. However, the number of active users rose to 523,000, while assets stayed at $18.2 billion.

Moreover, Gemini began offering tokenized stocks in June and began with MicroStrategy’s MSTR for European customers first. It allows investors to buy and sell MSTR 24/7, bringing the security of blockchain to traditional stocks. Gemini collaborated with Dinari Global for this launch.

Also Read: Ripple Provides $75M Credit Line to Gemini Ahead of IPO

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