Gemini derivatives. The Gemini platform is imposing itself as a major player in cryptocurrency in Europe. After recently announced the opening of its service Gemini Earn In 11 EU countries, she has just obtained a Mifid II license from the Malta Financial Services Authority (MFSA). And this will allow him to offer cryptocurrency to his European customers.
- Gemini obtained a MIFID II license from the Malta financial services authority, marking a significant advance in Europe.
- The license will allow Gemini to offer crypto derivatives to its European customers, targeting qualified traders as « advanced ».
Gemini obtains a MIFID II license
The Gemini platform continues its development strategy in Europe and this obviously implies comply with local regulations in force. This is the reason why she has just placed her suitcases on the island of Malta in order to take advantage of her status as hub Crypto-friendly for the European MICA framework.
This procedure which allowed him to obtain a MIFID II license (Markets in Financial Instruments Directive II) with theMalta Financial Services Authority (MFSA). This MIFID II directive was adopted by the European Union (EU) in 2014 and its objective is to regulate financial markets In order to protect investors and ensure that financial markets work fairly and transparent.
This is a stage important for Gemini Because this license will allow him to offer derivatives to its European customers. This will mainly intervene in the context of its Maltese subsidiary Gemini Intergalactic in Artemis.
Cryptocurrency for advanced traders
This gemini announcement concerns Qualified traders as « Advanced »that is to say those able to understand and use tools such as Perpetual term contracts or other options. Because these allow you to take advantage of the volatility of the cryptocurrency market, while considerably increasing the risk of losses.
According to the manager of Gemini for Europe, Mark Jenningsthe offer will be available in the coming months, because the platform is still due « Work to meet the conditions required to launch these products across Europe ».
The platform continues its development in Europe and obtaining this MIFID II license therefore allows it to take an important step by therefore offering derivative products to its European customers. A very popular option, as shown The recent acquisition of the platform deribit by Coinbase.