Gemini Expands into France Following DASP Registration

Gemini, the prominent cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has officially launched its platform in France, nearly a year after securing a Digital Asset Service Provider (DASP) registration with the French financial markets regulator, Autorité des Marchés Financiers (AMF). The launch, announced on November 19, marks a significant milestone in Gemini’s European expansion.

Localized Services for French Users

Gemini’s entry into the French market allows users to deposit, trade, and store over 70 digital assets through both its web and mobile platforms. To cater to local preferences, the platform has been fully localized, offering a French-language interface and tailored services to meet the needs of French crypto users.

“We’ve taken the time to localize and optimize our product for French customers, ensuring that our platform is translated into French and that we can offer our full suite of services,” said Gillian Lynch, CEO of Gemini for the United Kingdom and Europe, in an interview with Cointelegraph.

Payment Options and Support for Advanced Traders

French users now have the option to deposit funds in euros or British pounds through local payment methods, including debit cards, bank transfers, and Apple Pay. This flexibility enhances accessibility for retail investors, making it easier to get started with crypto trading.

For more experienced traders, Gemini offers an advanced investment platform with support for over 80 trading pairs, as well as API integrations. The platform’s offerings also extend to institutional investors, who can take advantage of Gemini’s over-the-counter (OTC) desk, allowing them to trade cryptocurrencies like Bitcoin off-exchange. Additionally, institutions can use Gemini’s eOTC trading system to execute large orders with deep liquidity.

“We’re currently exploring options to expand our services, as well as payment rails to improve accessibility and choice for our French customers,” Lynch noted, highlighting the company’s commitment to growth in the region.

Growing Crypto Adoption and Trust in France

Gemini’s decision to enter the French market is bolstered by the country’s increasing adoption of cryptocurrencies and its favorable regulatory environment. According to Gemini’s research, France has seen a 2% increase in crypto ownership over the past two years, positioning it as the fastest-growing crypto market in Europe post-crypto winter.

Lynch also pointed out that French respondents in Gemini’s recent crypto adoption survey expressed greater trust in cryptocurrencies compared to those in the United States and the United Kingdom. This high level of confidence is attributed to France’s robust regulatory framework, which includes the introduction of the DASP regime and the European Union’s Markets in Crypto-Assets Regulation (MiCA).

“We have already started to see the positive impacts of MiCA, with our State of Crypto report showing that trust in crypto is higher in France compared to other countries surveyed outside the EU,” Lynch said, emphasizing the alignment of France’s regulatory landscape with Gemini’s long-term vision.

Strategic Importance of France for Gemini

Gemini views France as a key strategic market, given its forward-thinking regulatory approach and the growing interest in digital assets among its population. The launch in France is part of the company’s broader strategy to expand its presence in Europe, capitalizing on the region’s pro-crypto stance and regulatory clarity.

“France is a key market for Gemini given its pro-crypto stance and forward-thinking approach to regulation,” Lynch concluded, highlighting the potential for further growth in the French market as the company looks to build on its momentum in Europe.

Gemini’s expansion into France reflects the growing global appetite for cryptocurrency trading platforms in regions with strong regulatory frameworks and rising adoption rates. With a localized approach and support for both retail and institutional investors, Gemini is positioning itself to capture a significant share of the French crypto market in the coming months.