Crypto Exchange Gemini Expands to France

Gemini has recently launched its services in France as a Virtual Asset Service Provider (VASP), in line with the country’s growing adoption of crypto and supportive regulations. French users can now utilize Gemini’s platform to trade, store, and manage over 70 digital assets, and make deposits in EUR and GBP through various methods such as debit cards, bank transfers, and Apple Pay.

This expansion into France is a reflection of the country’s increasing acceptance of cryptocurrencies. According to Gemini’s 2024 Global State of Crypto report, the number of French individuals who own crypto has risen to 18%, a 2% increase since 2022, making France a standout market in the post-crypto winter recovery.

Additionally, the report reveals that 23% of French survey respondents trust cryptocurrencies, a higher percentage compared to the US (21%) and UK (19%). Gillian Lynch, CEO of UK & Europe for Gemini, highlighted France’s strong regulatory framework as a unique opportunity for the company to introduce its platform to the trading community and expand its presence in Europe.

The introduction of a VASP regime in France and the European Union’s Markets in Crypto Assets (MiCA) regulation in 2023 have contributed to building trust in the crypto sector.