Coinbase and Gemini Gear Up for EU Green Light Under MiCA Rulebook

The gate is opening, and the crypto giants are ready to charge through it. Coinbase (COIN) and Gemini are reportedly on the brink of securing regulatory approval in the European Union under MiCA. This move could give them a first-mover advantage in the EU’s regulated crypto economy.

According to Reuters, Gemini is set to receive the nod from Malta, while Coinbase is expected to lock down its license via Luxembourg. There are no official confirmations yet, and Coinbase declined to comment, but the key takeaway is that the biggest names in U.S. crypto are planting their flags on European soil.

Luxembourg may not make headlines, but it doesn’t have to. It’s where quiet capital flows and big decisions happen, and now, it might be where Coinbase makes its next move.

MiCA Brings The Rules, Coinbase and Gemini Bring The Scale

Europe’s Markets in Crypto-Assets (MiCA) regulation is now in force. This is a sweeping framework designed to finally bring legal clarity to crypto across all 27 EU nations. No more passporting patchwork. No more legal grey zones.

Moreover, MiCA turns the EU into a single regulated zone for digital assets, and that’s the door Gemini and Coinbase are walking through. Bybit already stepped in through Austria. Binance adjusted its playbook in Poland. Now the U.S. heavyweights are joining the game.

Stablecoins Stumble while Custodians Move In

MiCA was supposed to boost stablecoins. So far, that story hasn’t landed. Italy’s seen little uptake. Tether passed altogether, calling MiCA’s rules too rigid. Circle and a handful of others got the green light, but adoption has been underwhelming.

The real interest is actually custodial and trading services. Not flashy tokens. Not hype coins. It’s infrastructure that’s getting the focus. And that’s exactly where Coinbase and Gemini operate best.

This isn’t just about Europe. It’s about where crypto goes next, and who gets there first. MiCA gives compliant exchanges a license to scale. A way to move legally, securely, and fast inside one of the world’s largest markets.

It seems that Coinbase and Gemini are stepping in early, picking their spots, and getting positioned.

Is Coinbase a Good Stock to Buy?

Coinbase may be moving quietly in Europe, and while investors are cautious, they remain optimistic. Wall Street analysts currently rate the stock a Moderate Buy, according to TipRanks, with 12 Buys and 11 Holds out of 23 ratings. No one’s selling, but no one’s blindly bullish either.

The average 12-month COIN price target sits at $264.67, about 9% upside from the latest trading level at $242.71.

See more COIN analyst ratings