Crypto exchange Gemini debuts in France after receiving regulatory approval.
Gemini’s Strategic Market Expansion
On Nov. 19, Gemini launched its cryptocurrency platform in France, following the successful acquisition of a Digital Asset Service Provider (DASP) registration from the French markets regulator, the AMF, in January. This move allows French users to deposit, trade, and store more than 70 digital assets via web or mobile devices. Gemini’s CEO for the UK and Europe, Gillian Lynch, emphasized the platform’s localization efforts to cater to French customers by offering French translations and ensuring seamless service integration.
New Features and Payment Options for French Users
The Gemini platform offers French users the ability to deposit funds using euros and British pounds via multiple payment options, including debit cards, bank transfers, and Apple Pay. For advanced traders, Gemini provides access to over 80 trading pairs and sophisticated API integrations. Additionally, institutional investors can leverage Gemini’s over-the-counter (OTC) desk and eOTC trading system for executing large trades with high liquidity.
France’s Growing Trust in Crypto
France is viewed as a strategic market for Gemini, especially given the country’s increasing interest in digital assets. Gemini’s research suggests a 2% increase in the number of crypto owners in France over the past two years, positioning it as the fastest-growing crypto economy post-crypto winter. France’s robust regulatory framework, particularly the introduction of MiCA (Markets in Crypto-Assets Regulation), has fostered greater trust in crypto, surpassing levels of confidence seen in the US and UK.
Gemini’s Vision for European Growth
Lynch highlighted that France’s forward-thinking regulatory approach, aligned with the European Union’s MiCA framework, aligns well with Gemini’s mission. The company views this as an opportunity to further expand its presence in Europe and offer its services to both retail and institutional investors in France.
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