Crypto exchanges Gemini and Coinbase are reportedly taking early steps to secure licenses under the European Union’s new Markets in Crypto-Assets (MiCA) framework, positioning themselves to expand in the region’s increasingly regulated digital asset landscape.
According to a recent report, both companies are working closely with European regulators to align their operations with MiCA’s requirements ahead of the framework’s phased implementation. The legislation is expected to take full effect by the end of 2024, bringing comprehensive rules to the EU’s crypto market.
The MiCA framework is seen as a milestone in crypto regulation, aiming to provide legal clarity and investor protection across all 27 EU member states. Industry leaders suggest early compliance will offer a competitive edge for platforms seeking long-term growth in Europe.
As the EU sharpens its focus on crypto regulation, Gemini and Coinbase’s proactive approach reflects broader industry trends toward regulatory alignment. With MiCA set to reshape how digital assets are issued, traded, and managed, securing a license could be key to maintaining market relevance.
