3 days Ago By Lauren Towner
Gemini , a global crypto & web3 platform, has launched in France after registering as a Virtual Asset Service Provider (VASP) there earlier this year. This move is part of Gemini’s continued dedication to the European market in a country that features a thriving Web3 and crypto ecosystem. Users in France can now open a Gemini account to deposit, trade, and store more than 70 digital assets using the web or mobile app.
Additionally, they can add funds using local payment rails, including EUR and GBP, through debit card, bank transfer, and Apple Pay. Advanced traders can access ActiveTraderTM for sophisticated trading with over 80 trading pairs, while institutional clients can benefit from Gemini’s OTC desk and eOTC trading system, designed to execute large orders with deep liquidity and optimal pricing. Gemini’s entry into France is a strategic choice for the company’s next phase of growth.
France’s proactive engagement with and support of the crypto sector has fostered the development of a crypto hub, making it a key market for Gemini. “We believe in empowering individuals through crypto, and our expansion into France marks a significant milestone in our mission to make crypto accessible to everyone,” said Gillian Lynch, Gemini’s CEO of UK & Europe . “Gemini’s research into the French market shows its growing interest in digital assets, and a robust regulatory framework presents a unique opportunity to introduce our platform to the trading community and extend our presence in the European market over the coming months.
” France: A Strategic Market for Crypto Platforms Crypto adoption has grown steadily in France over the past two years resulting in positive sentiment around digital assets, according to Gemini’s recently released 2024 Global State of Crypto report. The percentage of crypto owners has risen to 18%, a 2 percentage-point increase since 2022—marking France as the country with the highest growth post-crypto winter. The report points to France being among the most pro-crypto countries surveyed, with a strong demand for secure, trusted players like Gemini.
Previously unreleased data also indicates that respondents in France trust crypto more than respondents in the US and UK. This is likely influenced by the introduction of France’s VASP regime, and the European Union’s recent passing of the Markets in Crypto Assets regulation (MiCA) in 2023, a bill that offers a comprehensive framework and regulatory clarity for EU firms working in digital assets. In light of this, the report highlights how consumers in France are less concerned about the regulatory environment than two years ago.
Other key findings included: To find out more about Gemini’s 2024 Global State of Crypto study, click here or visit the Group’s website..
