Gemini Expands into France Following VASP Registration, Eyeing EU Crypto Growth

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has officially launched in France after receiving registration as a Virtual Asset Service Provider (VASP).

This move marks an important milestone for Gemini as it continues to expand its footprint across Europe, positioning itself under the European Union’s growing crypto regulatory framework, particularly the Markets for Crypto Assets (MiCA).

France’s forward-thinking stance on crypto regulation and its rising adoption of digital assets played a pivotal role in Gemini’s decision to enter the market. With its regulatory environment becoming more favorable, France has quickly emerged as a key location for crypto activity.

The exchange, which already operates in over 70 countries, pointed to France’s increasing crypto ownership and the decreasing regulatory concerns among its consumers as critical factors in the expansion. Gemini’s UK and Europe CEO, Gillian Lynch, expressed confidence in the country’s crypto-friendly approach, calling it a promising market for their business.

The company’s 2024 Global State of Crypto report revealed that France has become one of the leading nations for crypto adoption, with ownership rising by 2% to reach 18% of the population since 2022. The country’s status is further solidified by the presence of major projects like Ledger and DeFi platform Morpho.

As France continues to strengthen its VASP regulations and integrate MiCA reforms, it is poised to solidify its reputation as a European crypto hub, fostering both innovation and consumer protection.

Alexander Zdravkov