Cryptocurrency exchange Gate has secured a Payment Institution license in Malta under the EU’s PSD2 framework. The license grants its Malta entity, Gate Technology, a regulated foothold to offer payment services across the European Union. This expands its operational scope beyond its existing crypto exchange and custody permissions under MiCA, aiming to link traditional payments with Web3 services.
Cryptocurrency exchange Gate has secured a Payment Institution license in Malta under the European Union’s PSD2 framework. The license gives the exchange a regulated foothold to offer payment services across the bloc alongside its existing crypto permissions.
The company said Thursday its Malta-based entity, Gate Technology, received the license from the Malta Financial Services Authority (MFSA). Gate stated the approval supports its strategy of linking traditional payment infrastructure with Web3 services in Europe.
This authorization adds payment capabilities to Gate’s existing EU crypto permissions. On Oct. 1, 2025, Gate announced it had obtained a license under the EU’s Markets in Crypto-Assets Regulation.
EU crypto companies offering payment services in stablecoins must hold a Payment Institution or an Electronic Money Institution authorization. With PSD2 approval, Gate can passport regulated payment services across the bloc.
Gate said its flagship exchange serves more than 49 million users globally. It does not publicly disclose a breakdown of users in the EU.
Under PSD2 rules, licensed institutions may execute payment transactions and maintain payment accounts across the EU. According to the MFSA’s public authorization catalogue, Gate Technology is permitted to provide payment services as defined under Malta’s Financial Institutions Act.
Gate CEO Giovanni Cunti said the license positions the company to deliver compliant payment solutions to institutional and retail clients. The MFSA listing confirms the approval extends beyond crypto custody and exchange services.
However, Gate did not specify which payment products will launch first or when expanded EU services will roll out. The exchange had not responded to a request for more information by publication.
Gate’s approval follows a similar move by another major exchange. On Feb. 16, OKX obtained a Malta Payment Institution license to support products including OKX Pay and the OKX Card.
Under MiCA, crypto-asset service providers integrating stablecoin payments must align with EU payments law. Payment Institution approvals are increasingly becoming a prerequisite for exchanges seeking to offer euro-denominated payment flows alongside crypto trading.
