Cryptocurrency exchange Gemini, founded by Cameron and Tyler Winklevoss, is preparing to launch a platform serving French users.
Gemini has received approval as a virtual asset services provider from the French market regulator Autorite des Marches financiers. It will launch services for retail and institutional clients in France within weeks, giving users access to 70 cryptocurrencies, the Gemini website, mobile app, Gemini eOTC and ActiveTrader platform, according to a company statement.
“We are delighted to welcome France-based customers to the Gemini platform in the coming weeks as we work to expand access to cryptocurrencies across Europe,” Gillian Lynch, Gemini's head of Ireland and EU, said in a statement. “France is a global leader in innovation and has a vibrant cryptocurrency community as evidenced by the success of Paris Blockchain Week. We are thrilled to soon be able to provide French customers with compliant and secure access to the future of finance as we continue our mission to unleash the next era of financial, creative and personal freedom.”
Gemini's entry into France comes at a time when the stock exchange is seeing steady increases in monthly trading volume. The company generated $1.58 billion in spot trading volume in December 2023 — a 26.4% increase compared to the previous month, according to The Block's Data Dashboard.
Gemini is not the only cryptocurrency company eyeing the French market. In December 2023, stablecoin issuer Circle received a conditional registration from the AMF as a digital asset services provider and appointed Coralie Bellman as head of French operations, The Block previously reported.
(Updates with information from the official Gemini statement.)
Disclaimer: The Block is an independent media outlet that provides news, research and data. As of November 2023, Foresight Ventures is the majority investor in The Block. Foresight Ventures is investing in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is a core program of Foresight Ventures. The Block continues to work independently to provide objective, influential and timely information about the cryptocurrency industry. Below are our current financial disclosures.
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.
