Gemini cryptocurrency exchange, has officially launched in France, allowing users and institutions to deposit, trade, and store digital assets.
The move aligns with the upcoming implementation of the European Union’s Markets in Crypto Assets (MiCA) regulations, enabling Gemini to expand its operations across the 27-nation trading bloc.
What Does This Bring to the French Users?
This launch grants French users access to fund their Gemini accounts via debit cards and bank transfers, enhancing cryptocurrency trading opportunities in one of the EU’s largest economies.
The move is part of Gemini’s broader strategy to solidify its presence in Europe, capitalizing on France’s increasing interest in digital assets and its strong regulatory framework.
“Gemini’s research on the French market evidences a growing interest from French citizens in digital assets, but also a sound framework offers us a great opportunity to first introduce our platform to the trading community, before leveraging on it over some months to grow our footprint in Europe,” said Gillian Lynch, CEO of Gemini for the UK and Europe.
France and Cryptocurrencies
France has become an important player in the post-crypto winter rebound, with a 2 percentage-point increase in crypto ownership compared to last year. Highlighting the country’s readiness to embrace digital assets, this expansion lays the groundwork for Gemini’s strategic entry into the broader EU under MiCA regulations.
The MiCA framework, set to fully take effect in late 2024, aims to unify cryptocurrency regulations across the EU. Stablecoin-related rules are already in place, and companies with MiCA approval in one EU country will soon be able to operate seamlessly throughout the country.
Meanwhile, firms registered in France can operate domestically for up to 18 months while awaiting MiCA compliance approval, creating a transitional period that Gemini is leveraging.
Gemini’s Global Expansion
Beyond Europe, Gemini has achieved a significant milestone in the Asia-Pacific region, receiving in-principle approval from the Monetary Authority of Singapore (MAS) to operate in the region. This approval signals Gemini’s intent to expand in one of the most dynamic cryptocurrency markets globally.
With its focus on growing in both Europe and Asia, Gemini is positioning itself to capitalize on increasing global crypto adoption. Through its entry into France and regulatory advancements in Singapore, Gemini aims to establish itself as a leading force in shaping the future of digital asset trading.
Even in the U.S., Cameron and Tyler Winklevoss, the co-founders of the Gemini also commented on the current crypto bull run and said that the rally under the Trump administration is a sign that people believe in America’s economic and technological future.