Hassan Maishera
TL;DR
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Gemini has become the latest crypto exchange to gain approval as a virtual asset services provider in France.
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The crypto exchange is now preparing to launch retail and institutional services in the country within weeks.
Gemini Gets Regulatory Approval in France
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has gained approval as a virtual asset services provider (VASP) in France.
In a statement on Wednesday, the company said it is gearing up to expand its services globally. The VASP license was issued by the French markets regulator Autorite des Marches Financiers.
Thanks to this latest development, Gemini will launch services for retail and institutional customers in France in the coming week. The Gemini platform in France will grant users access to 70 cryptocurrencies and Gemini's website, mobile app, Gemini eOTC and the ActiveTrader platform,
While commenting on this latest development, Gillian Lynch, Gemini’s Head of Ireland and EU, said,
“We are delighted to welcome customers based in France onto the Gemini platform in the coming weeks as we further expand access to crypto across Europe. France is a global innovation leader and has a vibrant crypto community as showcased by the success of Paris Blockchain Week. We are excited to soon be able to provide French customers with compliant and secure access to the future of finance as we continue on our mission to unlock the next era of financial, creative and personal freedom.”
Gemini has been putting in the effort to expand its services in Europe and other parts of the world. The cryptocurrency exchange has been experiencing consistent monthly trading volume increases, recording a 26.4% surge in trading volume in December 2023 compared to the prior month.
