Gemini Launches in France as Part of European Expansion
Date: 2024-11-20 Author: Gabriel Deangelo Categories: BUSINESS
Clients in France can now register for an account on the Gemini platform to deposit, trade, and store over 70 types of digital assets via the web interface or mobile app. Users can also fund their accounts in euros and pounds sterling via local payment systems, including debit cards, bank transfers, and Apple Pay.
For experienced traders, the ActiveTrader platform offers over 80 trading pairs. Institutional clients in France can take advantage of the OTC desk and eOTC system, which provide large order execution with deep liquidity and optimal pricing.
These changes were made possible after Gemini was granted the status of a Virtual Asset Service Provider (VASP) in France in January 2024.
France as a strategic choice for growth
Gemini representatives noted that the choice of France for expansion was dictated by its active support for the crypto sector. The country has formed a hub for the development of digital assets thanks to the efforts of the authorities and the creation of a favorable regulatory environment.
Gemini's head of the UK and Europe, Gillian Lynch, emphasized that the study of the French market revealed a growing interest in digital assets. She also noted that the presence of clear rules, such as the VASP regime and the Markets in Crypto Assets (MiCA) regulation, contributes to the creation of a comfortable environment for investors and companies.
The MiCA regulation, adopted in 2023, provides companies in the EU with a clear and comprehensive regulatory framework for working with digital assets.
