Gemini has officially launched its services in France, marking a significant step in the company’s European expansion strategy. Following its registration as a Virtual Asset Service Provider earlier this year, the platform is poised to leverage France’s increasingly favorable regulatory environment and growing interest in digital assets.
French users can now open Gemini accounts and trade or store over 70 different cryptocurrencies via the platform’s web and mobile apps. Additionally, customers can fund their accounts using local payment methods, such as debit cards, bank transfers, and Apple Pay, with support for both the Euro and British Pound. Institutional clients also gain access to Gemini’s advanced trading features, including the ActiveTrader™ platform and over-the-counter services offering deep liquidity and competitive pricing.
Gillian Lynch, Gemini’s CEO for the UK & Europe, emphasized the importance of the French market: “Our research indicates growing interest in digital assets in France, and with a robust regulatory framework, we see a unique opportunity to engage the trading community and extend our European presence.”
France’s crypto landscape has evolved rapidly, with a supportive regulatory framework encouraging innovation. According to Gemini’s 2024 Global State of Crypto report, crypto ownership in France has reached 18%, an increase of two percentage points since 2022, despite the challenges of the so-called “crypto winter.” French respondents demonstrate higher trust in digital assets compared to their counterparts in the US and UK, largely due to the clarity provided by France’s VASP regime and the European Union’s MiCA regulation, which was introduced in 2023 to standardize rules for crypto businesses across the region.
The report also reveals that 62% of French crypto holders consider digital assets to be long-term investments, with nearly half of all past crypto owners in France planning to re-enter the market in the next year. Furthermore, 43% of respondents cited security measures against fraud as the key factor in building trust in the crypto industry, while concerns about regulation have diminished, dropping from 37% in 2022 to 32% this year.
Women represent 35% of crypto owners in France, one of the highest rates globally, although this figure marks a 10% decrease from 2022.
This launch follows Gemini’s recent regulatory achievements, including in-principle approval from the Monetary Authority of Singapore for a Major Payment Institution license, further cementing the company’s growing global footprint.
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