Gemini launches services in France following regulatory approval

abdelaziz Fathi

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is gearing up to enter the French market, having received regulatory approval from the Autorite des marches financiers, France’s financial markets regulator.


The exchange is set to launch its services for both retail and institutional customers in France within the coming weeks. French users will gain access to a diverse range of offerings, including the ability to trade 70 different cryptocurrencies. Gemini’s services will be available through its website and mobile app, as well as through specialized platforms like Gemini eOTC and the ActiveTrader platform, as reported by CNBC.

Gemini’s decision to enter the French market follows a period of consistent growth in trading volumes. In December 2023, the exchange reported a spot trading volume of $1.58 billion, reflecting a 26.4% increase from the previous month, per Block’s Data Dashboard.

Gemini is not alone in venturing into the French market. Stablecoin issuer Circle also obtained conditional registration from the AMF as a digital asset service provider in December 2023. Coralie Billmann, previously the Chief Operating Officer of Europe for 3S Money and a board member of the same firm, has been tapped to lead Circle’s French operations. Her role will focus on aligning Circle’s activities with the Markets in Crypto-Assets (MiCA) regulation, a crucial legal framework for crypto asset firms operating within the European Union.

The move comes as France is becoming a go-to location in the European Union for crypto companies. Circle is the latest to join the list of crypto firms that have scored a major regulatory approval in France, and it follows the steps of Binance and

Nevertheless, France is now moving ahead with its plans to tighten regulation, supervision and oversight of cryptocurrency companies.

Gemini is expanding its global reach amid a challenging period for business in its US home market. Genesis’s bankruptcy has had a terrible impact on the Gemini Earn program and has spawned a series of lawsuits, including one by Gemini against Digital Currency Group and its CEO Barry Silbert, alleging fraud. Conversely, Genesis has also sued DCG seeking repayment of loans exceeding $600 million.

Amidst this ongoing dispute, U.S. regulatory bodies have also stepped in. The SEC has previously alleged that Genesis and Gemini were selling unregistered securities, and the New York Attorney General filed a lawsuit accusing DCG, Genesis, and Gemini of defrauding investors.

  • Read this next

    Fundamental Analysis

    Global FX Market Summary: EUR, Fed Minutes February 21, 2024

    Hawkish Fed minutes could strengthen USD, dovish BoE hints could boost euro, mixed economic data leaves impact unclear, FOMC minutes release today holds the most weight.

    Digital Assets

    360T launches Crypto NDF offering

    “By launching our crypto offering with non-deliverable derivatives products, we are allowing our diverse, global client base to engage with the crypto market without the need to build or invest in Distributed Ledger Technology (DLT) infrastructure. Looking ahead, we will continue to work with our industry partners to expand 360T’s crypto.”

    Technical Analysis

    FTSE 100 index Technical Analysis Report 20 February, 2024

    The FTSE 100 index is likely to fall to support level 7600.00 after reversing from resistance level 7750.00.

    Retail FX

    Afterprime enhances trade reporting with PrimeXM and TRAction

    “This collaboration has made setting up EMIR and MIFIR reporting for our CySEC entity a breeze, allowing us to maintain our focus on providing best-in-class pricing and top-notch customer service.”

    Market News

    US Market Stocks See a Dip Ahead of FOMC Minutes Announcement

    As the financial world eagerly awaits the release of the Federal Open Market Committee (FOMC) meeting minutes scheduled for today, the S&P 500 index begins trading slightly lower, marking a subtle shift in market sentiment following a prolonged rally.


    Adaptive proves that “the future of finance is in the cloud”

    “While workloads have migrated to the cloud over the past decade, some have doubted whether its latency and fault tolerance can match that of on-premises solutions – our joint testing on Google Cloud, proves that this is the case.”

    Retail FX

    Axi Select offers live trading amid “end of demo account prop firm model”

    “We genuinely empathize with the thousands of talented traders who will now be denied access to their allocated funds, and we encourage anyone using the demo trading registration model to question whether their prop firm partner will be able to continue as an ongoing concern given recent events. Unfortunately, this could be the beginning of the end for the demo account prop firm model.”

    Digital Assets

    Celsius founder Mashinsky agrees to shared lawyers with Sam Bankman-Fried

    Former Celsius CEO Alex Mashinsky has addressed potential conflicts of interest in his legal representation during a brief hearing in a New York courtroom.

    Digital Assets

    Sam Bankman-Fried captured in first jail photo

    Sam Bankman-Fried, the once-billionaire founder of FTX, has been spotted looking quite different with a new beard and a slimmer figure in a photo that’s been making rounds, reportedly taken inside New York’s Metropolitan Detention Centre.