Gemini, a cryptocurrency exchange, has chosen Malta as its central hub for its operations under the Crypto Asset Markets (MiCA).
The move underscores Gemini’s commitment to regulatory compliance and focus on European growth in the rapidly evolving cryptocurrency sector.
In December 2024, Gemini obtained its Virtual Financial Asset (VFA) service license in Malta, marking its sixth virtual asset service provider registration. By establishing itself in Malta, the company aims to take advantage of the country’s environment, which has become a hub for financial technology and digital assets companies. The move aligns with Gemini’s vision to advance financial and digital asset freedom in Europe.
Align with MiCA standards
The MiCA regulation, implemented by European lawmakers to create a unified regulatory standard for cryptocurrencies across member states, provides a solid framework for creating a trusted crypto ecosystem. Gemini’s compliance with these standards ensures that the company continues to provide secure and reliable services to its customers across the European Union. This regulatory clarity is expected to contribute to the sustainable growth of the region’s crypto market.
For exchanges, it introduces clear operational guidelines and compliance requirements, improving transparency and trust in their services. Stablecoin issuers face strict obligations to ensure stability and protect users, especially for assets linked to fiat currencies. The framework also emphasizes measures to prevent market abuse and strengthen anti-money laundering (AML) practices. For businesses, MiCA provides a predictable and secure regulatory environment, encouraging growth and investment, while for investors it establishes safeguards that build confidence in the legitimacy and reliability of the crypto market.
Gemini’s decision to establish a base in Malta follows the company’s strategic expansion into Europe, supported by several high-profile appointments.
Crypto Adoption and Regulatory Impact
Results from the Gemini State of Crypto in 2024 report found that 39% of non-crypto users worldwide cited lack of regulatory clarity as a barrier to adoption. Comprehensive frameworks such as MiCA are expected to address these concerns, thereby fostering increased trust and demand for cryptocurrencies across Europe.
This announcement follows the recent launch of Gemini in France and highlights its commitment to providing innovative cryptographic solutions. The company plans to introduce new features for retail and institutional customers, improve the user experience and strengthen its presence in the 32 European countries it currently serves, including the European Economic Area (EEA) and the United Kingdom.
As Gemini continues to expand its European operations, its Malta hub is a strategic step in shaping the future of digital assets while adhering to strict regulatory standards.
