The Winklevoss Twins' Gemini Trust Co. Cryptocurrency Exchange has achieved a major success in European regulation by securing approval to launch crypto derivatives trading throughout the European Union and European Economic Area (EEA).
The Exchange was announced On May 9, it secured a market in Financial Instruments Directive II (MIFID II) license from the Malta Financial Services Authority (MFSA), allowing the exchange to offer crypto derivatives in the European Union.
Gemini sets a stage for the launch of EU-Wide Derivatives with MIFID II licensed
Mark Jennings, head of Europe of Gemini, noted that when they started business activities, they could offer regulated derivatives throughout the EU and EEA under Mifid II.
The executive noted that Gemini's upcoming derivatives would include eternal futures and other derivatives, which were available to advanced Gemini users.
The license, released on May 8 to the Maltese entity of Gemini, the Gemini Intergalactic EU Artemis, allowed the firm to offer sophisticated financial instruments – in particular, crypto derivatives such as eternal futures – to both investors and institutions across the region.
Although Gemini has not yet launched these products, the Mifid II license sets the stage for the exchange to start offering eternal futures and other complex instruments to experienced traders on the European platform in the coming months.
Jennings noted that they are working towards responding to the necessary conditions to launch these products throughout Europe in the coming months.
The license further features the expansion of Gemini's influence in the region. In December 2024, the exchange was given a sixth Vasp registration from MFSA. Gemini named Malta her main partner for compliance with the European Union markets in the Crypto-Assets (MICA) framework in January 2025.
But, to this day, Gemini has not received the entire MICA license this May 2025, even though the current approval of Mifid II is considered an important lead.
Crypto Derivatives Arms Race eats while Gemini joins Coinbase and Kraken at Global Expansion Push
The latest success of Gemini's regulation came in the midst of a flow to the interests and activity surrounding crypto derivatives worldwide.
Only this week, on May 8, Coinbase made titles with $ 2.9 billion derivit extraction, one of the largest platforms of the globe derivatives.
The step followed Kraken's announcement on May 1, confirming the $ 1.5 billion acquisition of the Ninjatrader trading platform, which signed a weapon race to major exchanges to achieve the rapid growing market of derivatives.
According to Bo PEI, an analyst in US Tiger Securities, the extraction of the coinbase of the derivit strengthens its existence in the international markets, especially in Asia and Europe, where the abduction of crypto trade is more common.
The cash-and-stock transaction will allow Coinbase to expand its global offerings by introducing crypto-financial instruments widely used for hedging and often demanded during market volatility periods.
Coinbase shares, which fell nearly 21% years-to-date, rose 5.7% following the news. The company supports crypto futures trading for both US users and international.
According to a blog post, the deal includes $ 700 million in cash and 11 million Class A Class A sharing Coinbase stock.
While Coinbase is still an emerging player in the derivatives sector, it has achieved the sharing of the record market with both the retail and institutional derivatives in the last quarter. In this first quarter, shares of the first quarter income are ashamed of Wall Street's expectations despite stablecoin's income.
In the quarter completed on March 31, Coinbase gained $ 65.6 million, or 24 cents per part, down from $ 1.18 billion, or $ 4.40 a portion a year ago. Excluding the impact of crypto investments, Coinbase's suited income is $ 527 million, or $ 1.94 per part.
The income rose to $ 2.03 billion from $ 1.64 billion a year ago but shyly in $ 2.12 billion consensus of consensus from LSEG.
Transaction revenue increased by $ 1.26 billion in the quarter, while subscription and service income reached $ 698.1 million in the quarter.
Gemini's entry into the European derivatives space aligned with greater industrial trends and signal the ambitions of exchange to compete at the highest levels of global finance in the crypto.
While Gemini is preparing to launch new derivatives suite across EU and EEA, the exchange has prepared to become a major player in a sector that quickly becomes the center of digital asset trading worldwide.
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