Coinbase and Set Gemini to Expand in EU Under MiCA Rules

Gemini and Coinbase are reportedly on the verge of securing operational licenses in the European Union, signaling a major step forward in their international growth plans.

These approvals would allow both exchanges to offer services across EU member states under the bloc’s recently introduced Markets in Crypto-Assets (MiCA) framework.

Sources familiar with the matter told Reuters that Gemini’s registration is expected through Malta, while Coinbase is pursuing authorization in Luxembourg — a jurisdiction it praised for its global financial standing.

If confirmed, the move would place the two U.S. giants among the growing list of exchanges adapting to MiCA rules. Bybit has already secured a license in Austria, and Binance has adjusted procedures in Poland to align with the regulatory framework.

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MiCA was created to unify crypto rules across the EU and took effect in June 2024. By December, national regulators were given a full rulebook to enforce, following guidance from the European Securities and Markets Authority (ESMA). While MiCA aims to bring clarity and stability to the sector, questions remain — especially concerning stablecoins.

One clause requires issuers to hold a large share of reserves in EU banks, which has discouraged some firms like Tether from registering. Still, stablecoin issuers such as Circle and Société Générale have received approval.

Despite regulatory progress, some countries, including Italy, have reported limited stablecoin activity. Instead, market focus appears to be shifting toward custody and trading infrastructure — areas where Gemini and Coinbase may now find fertile ground under MiCA’s oversight.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.