Gemini Enters French Crypto Market with Strategic Regulatory Backing
Gemini, a cryptocurrency exchange based in the United States, announced Tuesday that it is starting operations in France. As the comprehensive Markets in Crypto-Assets ruleset starts to change the trading bloc’s relationship with the crypto industry, this step represents the most recent crypto expansion in the E.U. Earlier this year, the company, which was founded in 2014 by Cameron and Tyler Winklevoss, registered as a virtual asset service provider in the nation. Given France’s strong involvement with and backing of the cryptocurrency industry, Gemini, which has operations in more than 70 countries, highlighted the strategic ramifications of the decision.
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,
Gillian Lynch, Gemini CEO of U.K. and Europe
Gemini Highlights France as Europe’s Fastest-Growing Crypto Market
In fact, France was one of the most pro-crypto nations polled in Gemini’s 2024 Global State of Crypto report. Since 2022, the country’s percentage of cryptocurrency owners has increased by 2%, reaching 18% overall, making France the nation with the fastest rise following the crypto winter. The report claims that France’s proactive regulation of VASPs, which includes consumer protection, and the broader MiCA regulations that are scheduled to be completely implemented by the end of the year are to blame for this spike in interest.
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