In an exciting development for the cryptocurrency market, Gemini, a leading U.S.-based crypto exchange, has been registered as a Digital Asset Service Provider (DASP) in France by the l’Autorité des Marchés Financiers (AMF), the French financial markets regulator. This regulatory milestone allows Gemini to serve both retail and institutional customers in France, opening up new opportunities for French crypto investors. With this approval, Gemini users in France will now have access to an extensive range of 70 cryptocurrencies through Gemini’s comprehensive suite of services, including its website, mobile app, Gemini eOTC, and the ActiveTrader platform.
Gemini is thrilled to bring its platform to France, a country known for its global innovation leadership and vibrant crypto community. As France continues to make strides in the blockchain industry, events like Paris Blockchain Week have showcased its potential for growth and innovation. By providing compliant and secure access to the future of finance, Gemini aims to unlock the next era of financial, creative, and personal freedom for French customers.
Gemini’s expansion into France comes as many U.S.-based crypto exchanges seek to broaden their operations internationally due to increasing regulatory scrutiny at home. Over the past year, Gemini has faced legal challenges from the U.S. Securities and Exchange Commission (SEC), who alleged that its defunct Earn product was a security. Additionally, the company is currently facing a lawsuit from New York authorities regarding alleged investor deception related to an investment product. In response to these challenges, Gemini has launched the Gemini Foundation, a non-U.S. derivatives platform, in 30 countries.
With operations in over a dozen European Union countries and around 70 countries worldwide, Gemini is a truly global player in the cryptocurrency industry. The company’s expansion into France further solidifies its commitment to reaching a wider audience and offering its services to crypto enthusiasts around the world. Gemini has ambitious plans to continue expanding its presence in other countries in the near future, with more countries on its roadmap.
Gemini’s Role in the U.S. Spot Bitcoin ETF Market
Gemini is set to play a crucial role in the launch of one of the many spot Bitcoin exchange-traded funds (ETFs) expected in the United States. Asset manager 7RCC has chosen Gemini’s crypto trading platform for its environment-conscious spot Bitcoin ETF application. This partnership demonstrates the trust and confidence that industry players have in Gemini’s ability to provide secure and efficient cryptocurrency trading solutions.
Gemini’s registration as a Digital Asset Service Provider in France marks an important milestone for both the company and the French crypto community. With its comprehensive suite of services and access to a wide range of cryptocurrencies, Gemini is well-positioned to cater to the needs of both retail and institutional customers in France. As the company expands its global presence and navigates regulatory challenges, Gemini continues to pave the way for the future of finance, offering compliant and secure access to the world of cryptocurrencies for individuals around the globe.
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