Outside Source
- Gemini launches in France after securing DASP registration in January.
- The launched platform supports 70+ assets, euro deposits, and institutional trading tools.
- France’s crypto growth and MiCA regulations drive Gemini’s European expansion.
Gemini, the renowned cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has officially entered the French market, marking a significant milestone in its European expansion.
This move comes nearly a year after the company secured a Digital Asset Service Provider (DASP) registration from France’s regulatory authority, the Autorité des Marchés Financiers (AMF), in January 2024.
French Retail and institutional investors can now use Gemini
The launch enables French users to deposit, trade, and store over 70 digital assets on both web and mobile platforms. Local payment options, including debit cards, bank transfers, and Apple Pay, are supported for deposits in euros and British pounds, making the platform more accessible to the French audience.
Advanced traders can access more than 80 trading pairs through Gemini’s robust investment platform, which also offers various API integrations for seamless trading.
Institutional investors are not left out, as Gemini’s over-the-counter (OTC) desk and eOTC trading system provide a secure avenue for executing large transactions with deep liquidity.
Gillian Lynch, Gemini’s CEO for the United Kingdom and Europe, highlighted the company’s commitment to localization by ensuring the platform is fully translated and optimized for French users.
The rise of crypto adoption in France
France has emerged as a strategic market for Gemini, thanks to its increasing cryptocurrency adoption and a favourable regulatory environment shaped by the DASP regime and the European Union’s Markets in Crypto-Assets Regulation (MiCA).
According to Gemini’s 2024 Global State of Crypto report, trust in cryptocurrency is higher in France than in the United States or the United Kingdom.
Over the past two years, France has experienced a 2% increase in crypto adoption, making it the fastest-growing crypto economy in the region.
Gemini views this as an opportunity to further establish its presence in Europe. Lynch expressed optimism about expanding the platform’s services and improving accessibility for French customers.
With its pro-crypto stance and regulatory clarity, France is poised to play a pivotal role in Gemini’s vision for a robust European crypto market.
This strategic launch underscores Gemini’s commitment to delivering secure and innovative crypto solutions in a growing and trusted market.
This article first appeared at CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison
