PANews reported on February 11 that according to Cryptonews, the crypto exchange Gemini has received in-principle approval for an investment firm license from the Malta Financial Services Authority (MFSA). The license will allow Gemini to provide regulated futures and options trading services to advanced traders and institutions in the EU and the European Economic Area in accordance with the Markets in Financial Instruments Directive (MiFID II) framework.

Previously, Gemini had chosen Malta as its operational hub for the EU’s Markets in Crypto-Assets (MiCA) regulatory framework.