- Gemini announces services in France with over 70 cryptocurrencies.
- France’s crypto-friendly regulations are driving more adoption and trust.
Gemini, the largest U.S.-based cryptocurrency exchange, is now opening its operations in France. That’s an important step for Gemini in achieving its goal to expand into Europe. France is one of the leaders on earth in terms of cryptocurrencies, and evolving regulations, and increasing public trust in digital assets, also contribute here.
Having signed up as a Virtual Asset Service Provider (VASP) at the start of the year, Gemini is launching services in France today, allowing more than 70 different cryptocurrencies to be accessed from the platform. Payments can be made through the web interface or mobile application via Gemini and are accepted via debit card, bank transfer, and Apple Pay.
For institutional clients, the company has developed its enhanced ActiveTrader platform and OTC trading services that include deep liquidity and competitive pricing. For Gillian Lynch, a CEO of Gemini in charge of the UK and Europe, there is enthusiasm about this changing ecosystem in France as it presents unique opportunities for broadening the Gemini footprint in Europe.
Capitalizing on France’s Growing Crypto Landscape
In France, the country is growing to become a crypto-friendly nation quickly because the country is developing a more robust regulatory framework while consumer interest is picking up pace. According to a report by Gemini through its 2024 Global State of Crypto report, 18% of French citizens own a cryptocurrency, an uptake which continues to steadily increase. Besides this, 62% of French crypto holders believe that digital assets fit into their future strategy.
The VASP regime, along with the EU’s Markets in Crypto Assets, and MiCA regulation, had to clear up matters for both businesses and users on this subject. Still, security comes as one of the most massive issues when investors are concerned, as 43% said fraud prevention is one of the most important factors in gaining trust.
It has also committed to a much more extensive global reach, cementing its footing in regulated markets by setting its stake in the increasingly sprawling gamut of markets across the globe. Recently, it received in-principle approval for a Major Payment Institution license from Singapore’s Monetary Authority. It puts Gemini at the forefront of global crypto adoption and innovation.
With access to the French market, Gemini is ready to fuel continued growth in France’s crypto landscape, offering new opportunities for both retail and institutional investors.
