In addition to its current crypto licenses, cryptocurrency exchange Gate has obtained a Payment Institution license in Malta, which is granted under the PSD2 framework of the European Union. This license gives the exchange a regulated foothold to provide payment services throughout the bloc.
The business said on Thursday that the Malta Financial Services Authority (MFSA) has granted a license to its Malta-based company, Gate Technology. According to Gate, the permission is in line with its plan to integrate Web3 services with conventional payment infrastructure in Europe.
The authorization expands Gate's current EU crypto rights to include payment capabilities. Gate declared on October 1, 2025, that it has acquired a license under the EU's Markets in Crypto-Assets Regulation, which permits it to offer custody and exchange services throughout member states.
EU cryptocurrency businesses that provide stablecoin payment services are required to possess an Electronic Money Institution or Payment Institution authorization. Gate can extend beyond trading into fiat and stablecoin payment infrastructure with PSD2 approval, enabling passport-regulated payment services within the bloc.
Although it does not officially reveal a breakdown of users in the EU, Gate claimed that its flagship exchange serves over 49 million customers worldwide.
#Payments authorization broadens the EU's authority
Under PSD2 rules, licensed institutions may execute payment transactions, facilitate credit transfers and direct debits, and maintain payment accounts across the EU.
Gate Technology is allowed to offer payment services as defined by Malta's Financial Institutions Act, including facilitating the placement and withdrawal of funds from payment accounts and performing all necessary account operations, according to the MFSA's public authorization catalogue.
According to Gate CEO Giovanni Cunti, the license puts the business in a position to provide institutional and retail customers with compliant payment options.
The MFSA listing attests to the fact that the authorization covers regulated account and transaction capabilities in addition to cryptocurrency custody and exchange services.
Gate did not, however, indicate which payment products will be introduced first or when the extended EU services would be made available.
#A component of the larger trend of EU compliance
Gate's permission comes after another significant exchange took a similar action. OKX received a license from a Malta Payment Institution on February 16th to enable products including OKX Pay and the OKX Card.
Crypto-asset service providers who include stablecoin payments into regulated financial rails are required by MiCA to comply with EU payments law. As a result, exchanges looking to provide euro-denominated payment flows in addition to cryptocurrency trading are increasingly required to get Payment Institution certifications.