Gemini Expands to France with Full Crypto Services After Regulatory Approval

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has officially launched in France, granting local users access to its platform nearly a year after securing the Digital Asset Service Provider (DASP) registration. The move marks another milestone in Gemini's European expansion and reflects France's growing embrace of cryptocurrency.

Gemini Goes Live in France

The launch, announced on November 19, enables French users to deposit, trade, and store more than 70 digital assets via Gemini's web or mobile platforms. This follows Gemini’s successful DASP registration from France’s financial regulator, Autorité des Marchés Financiers (AMF), in January 2024.

Gemini has spent months tailoring its offerings for French users, with features including platform translation, local payment options, and an optimized user experience. Gillian Lynch, CEO of Gemini’s United Kingdom and Europe division, emphasized the company's commitment to the French market:

“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.”

Features for French Crypto Users

Gemini’s platform in France introduces a comprehensive suite of services for both individual and institutional investors:

1. Deposits in Euros and British Pounds:

Users can deposit funds using local payment methods, including debit cards, bank transfers, and Apple Pay.

1. Advanced Trading Tools:

Advanced users can access Gemini’s trading platform, which offers over 80 trading pairs and multiple API integrations for developers and professional traders.

1. Institutional Services:

Institutions can trade on Gemini’s Over-the-Counter (OTC) desk, enabling the direct exchange of large cryptocurrency volumes with deep liquidity. They can also utilize the platform’s eOTC trading system, which is tailored for high-value transactions.

1. Focus on Accessibility:

Gemini is exploring additional payment options and services to improve accessibility for French users, Lynch confirmed.

Why France?

Gemini’s decision to enter the French market reflects the country’s growing reputation as a crypto-friendly hub. According to Gemini’s research, France’s crypto adoption rate has risen by 2% over the past two years, making it one of Europe’s fastest-growing crypto economies despite the prolonged crypto winter.

Lynch highlighted the strategic importance of France’s robust regulatory environment in Gemini’s decision:

“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.”

In addition, Gemini’s Crypto Adoption Survey revealed that trust in digital assets is higher among French users compared to their counterparts in the United States or United Kingdom.

European Expansion in Focus

France represents just one step in Gemini’s broader plan to expand its presence across Europe. As regulatory frameworks for cryptocurrency continue to mature, the exchange is positioning itself to capitalize on the growing demand for trusted platforms in the region.

With France now onboard, Gemini is expected to pursue further growth in other crypto-friendly European nations.

Conclusion

The launch of Gemini’s services in France underscores the country’s growing importance in the global cryptocurrency landscape. With its focus on user-centric features and institutional-grade tools, Gemini is set to play a significant role in France’s crypto ecosystem while strengthening its foothold across Europe.