Crypto exchange Gemini has recently achieved a significant milestone by being registered as a Digital Asset Service Provider (DASP) in France. The registration, granted by the l’Autorité des Marchés Financiers (AMF), the French financial markets regulator, allows Gemini to cater to retail and institutional customers in France. This regulatory approval opens up opportunities for Gemini to tap into the vibrant and innovative crypto community in the country.
Gemini’s registration as a DASP in France enables the exchange to provide its users with access to a wide range of 70 cryptocurrencies. These digital assets can be accessed through various channels, including Gemini’s website, mobile app, Gemini eOTC, and the ActiveTrader platform. By offering these comprehensive services, Gemini aims to provide French customers with compliant and secure access to the future of finance.
Gemini’s expansion into France is part of its broader strategy to expand operations abroad. The exchange is one of several U.S.-based crypto exchanges looking to explore international markets due to regulatory challenges at home. In the past year, Gemini has faced legal challenges from the U.S. Securities and Exchange Commission (SEC) and a lawsuit from New York authorities. To mitigate these challenges, Gemini has launched a non-U.S. derivatives platform, known as Gemini Foundation, in 30 countries. The exchange is also considering opening a second headquarters in the United Kingdom.
Gemini’s presence in Europe extends beyond France. The exchange operates in over a dozen EU countries and around 70 countries worldwide. This global expansion allows Gemini to serve a diverse range of customers and positions the exchange as a key player in the international crypto market. With more countries on the roadmap, Gemini is poised to further expand its presence and reach.
Gemini’s Role in Bitcoin ETF Application
Gemini’s reputation and expertise in the crypto industry have earned it a pivotal role in the creation of spot Bitcoin exchange-traded funds (ETFs) in the United States. Asset manager 7RCC has chosen Gemini as the crypto trading platform for its environment-conscious spot Bitcoin ETF application. This partnership highlights Gemini’s credibility and its commitment to promoting sustainable and regulated investments in the crypto space.
Gemini’s registration as a DASP in France marks a significant milestone for the exchange. It not only allows Gemini to provide its comprehensive crypto services to French customers but also reflects the exchange’s ambition to expand its operations globally. The regulatory approval in France, coupled with Gemini’s role in the development of Bitcoin ETFs, solidifies its position as a leading player in the crypto industry. As Gemini continues to unlock the next era of financial, creative, and personal freedom, its presence in Europe and around the world will undoubtedly shape the future of finance.