Gemini and Coinbase Eye EU Expansion as MiCA Licenses Near Approval

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In a major move for crypto regulation, Gemini and Coinbase are reportedly on the verge of securing EU operating licenses under the bloc’s landmark Markets in Crypto-Assets (MiCA) framework.

Sources told Reuters that Gemini’s approval is expected from Malta, while Coinbase will likely obtain its license via Luxembourg—a hub for fintech firms.

Coinbase did not confirm the application but acknowledged Luxembourg’s strong regulatory reputation.

The developments come as other exchanges, including Bybit and Binance, adapt to MiCA’s requirements. The phased implementation of the rules, which began in June, will be fully enforced by December 2024 after ESMA’s final guidelines.