The company entered France’s crypto ecosystem by registering as a Virtual Asset Service Provider (VASP) earlier this year. Benefiting from regulatory support, Gemini aims to offer a variety of services to its users in France’s rapidly developing crypto market.

Users in France can now trade or store more than 70 digital assets by opening an account with Gemini. The platform is accessible via web and mobile application.

Additionally, users can fund their accounts with local payment methods. In addition to methods such as debit cards, bank transfers and Apple Pay, the platform also supports Euro and British Pound currencies.

Gemini offers advanced services to corporate customers as well as individual users. The company’s ActiveTrader™ platform and over-the-counter (OTC) trading services provide institutional investors with deep liquidity and competitive pricing.

France has gained an important position in the global crypto market with its innovative regulations. According to Gemini’s 2024 Global State of Crypto report, the rate of crypto ownership in the country increased to 18%.

This rate represents an increase of two points compared to 2022. Interestingly, this growth occurred despite the “crypto winter” period, when crypto prices experienced prolonged declines.

The report states that French users have more trust in crypto than their counterparts in the US and the UK.

One of the main reasons for this trust is France’s Virtual Asset Service Provider (VASP) regulations and the European Union’s MiCA (Crypto Assets for Markets) regulation, which will come into effect in 2023. MiCA contributes to the growth of the industry by providing a clear legal framework for crypto businesses across Europe.

62% of French crypto holders consider digital assets as long-term investments. According to the report, 46% made their first crypto purchase three to five years ago.

49% of those who have invested in crypto in the past plan to return to the market next year. Additionally, 28% of these people are considering allocating 5% of their portfolio to crypto assets.

For 43% of respondents, the most important factor for trust in the crypto industry is security measures taken against fraud. In contrast, regulatory concerns decreased from 37% in 2022 to 32% in 2024.

Female investors make up 35% of crypto holders in France. Although this rate is one of the highest rates worldwide, there has been a 10% decrease compared to 2022.

Gemini’s expansion move in France reflects the company’s goal of reaching a wider customer base in Europe. Additionally, last month, Gemini received in-principle approval for a Major Payments Institution license from the Monetary Authority of Singapore. This shows that the company can create new opportunities in its growth strategies in Asia and Europe.

Gemini’s initiative in France aims to make significant contributions to crypto adoption in Europe, focusing on factors such as regulatory compliance and user security.