Gemini Establishes Malta Hub to Comply with MiCA

The Gemini exchange has chosen Malta as a hub to ensure compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation.

The decision is driven by the country’s authorities encouraging the development of fintech innovations and the crypto ecosystem.

In December 2024, the company received a license to service virtual financial assets from the MFSA.

Platform representatives noted that in the 2024 market report, 39% of cryptocurrency owners cited a lack of regulatory clarity as a barrier to market entry. The implementation of MiCA legitimizes digital assets in the EU.

In the coming months, Gemini plans to introduce new features for retail and institutional clients, strengthen its presence in the region, and enhance the user experience in 32 European countries (EEA and the United Kingdom).

Earlier, Kaiko calculated that by November 2024, MiCA-compliant stablecoins like EURC, EURCV from Societe Generale, and EURI from Banking Circle captured a record market share of 91%.

JPMorgan believes that the legislation, which came into effect on December 30, 2024, has laid the groundwork for the development of euro-denominated stablecoin segments.