- Gemini launched officially in France.
- The launch came almost a year after the exchange secured VASP registration in the country.
- Gemini’s head of Europe reiterated the exchange’s goal to become a regional crypto powerhouse.
Crypto exchange Gemini has officially entered the burgeoning French digital asset market as part of its strategic global expansion plan in Europe.
The development came almost 11 months after the trading platform registered as a Digital Asset Service Provider (DASP) with the Autorité des Marchés Financiers (AMF), allowing it to introduce its products to retail and institutional users across France.
Gemini’s Launch in France
Gemini’s head of Europe, Gillian Lynch, confirmed the exchange’s launch in France in a Tuesday interview, noting that the debut came at “perfect timing” when the country’s regulatory landscape was “particularly favorable.”
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Lynch clarified that French users will have full access to Gemini’s comprehensive suite of products, including investment and custody services, an advanced trading platform for professional investors, and OTC trading and white label trading desk for corporate clients.
“With regulations such as MiCA in Europe, Gemini is well positioned to thrive in an environment where only compliant providers will be allowed to operate,” Lynch stated. We want to become one of the top three players in Europe. With the growth and adoption of cryptocurrencies in France, where over 10% of the population already own them, we see huge potential.”
According to Lynch, Gemini is already a key player in Europe, operating in over 20 markets, including from its regional office in Dublin, Ireland. The exchange holds an Irish e-money establishment license, which enables it to integrate customers throughout Europe autonomously.
Gemini’s launch in France paves the way for the exchange to tap their Entire European bloc with a single license once the MiCA regime takes full effect at the end of the year.
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