Coinbase’s US rival, Gemini has chosen Malta as its EU hub under MiCA and is awaiting regulatory approval.

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Meanwhile, rival U.S. exchange Gemini is awaiting regulatory clearance from Malta, where it plans to base its EU operations.

Rival firm Gemini, which is owned by the Winklevoss twins, is expected to receive its own EU license from Malta soon. Gemini chose Malta as its MiCA hub in January.