Gemini Secures French Registration, Expands in EU and 70 Global Markets

B. Ali
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The cryptocurrency exchange Gemini has officially become a registered digital asset service provider in France. This move comes after the company established its European headquarters in Ireland in 2022. Gemini is now actively operating in over a dozen European Union countries and across more than 70 countries globally, with plans to expand to even more nations in the near future.

Hence, this development marks another step forward for Gemini in offering its services to a broader international audience, showcasing the growing popularity and acceptance of cryptocurrency exchanges on a global scale.

So, Gemini’s registration in France signals increased accessibility for users, expanding its reach across Europe. Meanwhile, this move enhances confidence in cryptocurrency markets, reflecting a broader acceptance and potentially influencing market dynamics positively.

Gemini Secures Official DASP Status in France, Expanding Crypto Access Across Europe

As we mentioned above Gemini, a cryptocurrency exchange, has recently received approval from France’s financial markets regulator, officially recognizing it as a digital asset service provider (DASP). This comes after the establishment of its European base in Ireland in the previous year. Gemini is now operational in over a dozen European Union countries and an impressive 70 countries globally. The platform has ambitious plans for further expansion in the near future.

With the recent approval from French regulators, Gemini, the cryptocurrency exchange, is now authorized to offer its services to both individual users and large institutions in France. Gillian Lynch, who leads Gemini in Europe, expressed excitement about extending their services to French customers. This development represents a significant stride in Gemini’s mission to make cryptocurrencies more accessible throughout Europe.

MiCA Implementation in EU: Fostering Consistency, Accountability, and Confidence in the Crypto Market

In April of last year, the European Union (EU) made a significant decision to implement a set of regulations known as the Markets in Crypto-Assets Regulation (MiCA). According to Gemini, this development is very important because it establishes uniform rules for cryptocurrencies across all EU member countries. Essentially, companies providing cryptocurrency services are now required to adhere to the same regulations everywhere, enhancing accountability within the industry.

Therefore, the implementation of MiCA in the EU establishes uniform rules for crypto, enhancing accountability and instilling confidence. This standardization also promotes cross-border access, fostering a more diverse and competitive crypto market.

Rising Crypto Ownership in France Signals Shifting Investment Trends: AMF Survey

In a November survey conducted by the AMF, it was revealed that 9% of the French population owns cryptocurrency, surpassing the 7% who own listed shares. This rate of crypto ownership aligns with the Kantar Institute’s estimate for shares in March 2023. Notably, the survey highlighted that new investors, particularly attracted to cryptocurrency, are not as active in the stock market compared to traditional investors.

Many of these newcomers are showing a keen interest in crypto assets. These findings highlight a growing trend in France, where a significant portion of the population, especially new investors, is getting involved in cryptocurrencies rather than the traditional stock market.

Therefore, the AMF survey underscores a shift in France, with 9% owning crypto, surpassing stock ownership at 7%. The trend suggests increased interest in crypto, potentially contributing to the market’s growth.

About B. Ali PRO INVESTOR

Live webinar speaker and derivatives (Forex, Crypto, and Indices) analyst with a broad range of skills for evaluating financial data, investment trends, technical analysis, fundamental analysis, and the best ways to strategies investment selection.  Expertise: Trading Psychology; Speculative Positioning & Market Sentiment; Technical & Fundamental Analysis.