Gemini has commenced operations in France, continuing its European expansion supported by the growing crypto market and regulatory environment.
Gemini's Launch in France
Gemini has recently launched its platform in France, becoming a part of its European expansion. Now users in France can open accounts on the platform and trade over 70 digital assets through the website and mobile app. French customers can fund their accounts using local payment methods, including debit cards, bank transfers, and Apple Pay, with support for the Euro and British Pound. Advanced trading features such as the ActiveTrader™ platform and over-the-counter trading services are also available for institutional clients.
France's Growing Interest in Crypto
France has emerged as a key player in the global crypto market thanks to new regulatory frameworks fostering innovation. According to the Gemini Global State of Crypto 2024 report, crypto ownership in France has risen to 18%, up two percentage points since 2022, despite the challenges of the 'crypto winter.' French users have more trust in crypto compared to their counterparts in the US and UK, attributed to France's VASP regime and the EU's MiCA regulation introduced in 2023 to provide clear rules for crypto businesses across the EU. The majority (62%) of French crypto holders view digital assets as long-term investments.
Women and Cryptocurrency in France
According to the report, women constitute 35% of crypto owners in France, one of the highest percentages globally, despite a 10% decline since 2022. Gemini also secured in-principle approval from Singapore's Monetary Authority for a Major Payment Institution license last month.
Gemini's launch in France highlights the growing interest in cryptocurrencies in the country and demonstrates the company's readiness to expand its presence in the European market amid favorable regulatory conditions.
