Gemini is following other exchanges like Kraken, which secured a MiFID license in February 2025 by acquiring a Cyprus-based investment firm

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In Europe, Gemini is following in the footsteps of rival Kraken, which secured a MiFID license in February by buying a Cyprus-based investment firm.

Over the past months, major crypto firms, including Crypto.com, Kraken, and Coinbase, have made significant inroads into the region.