Gemini and Coinbase are poised to apply for full compliance licenses under the European Union's Crypto Asset Market Regulation (MiCA). This move will enable both cryptocurrency exchanges to operate more seamlessly across EU member states, aligning with the regulatory framework designed to enhance transparency and investor protection in the crypto market. The MiCA framework, which is expected to be fully implemented by 2024, aims to standardize regulations across the EU, providing a clear legal environment for crypto assets.