Good news for the crypto community in France: the Gemini exchange has obtained approval as a digital asset service provider from the AMF. This major advance symbolizes a turning point for the French crypto market.
Gemini now provider of crypto services in France
Gemini, the crypto exchange platform founded by Cameron and Tyler Winklevoss, just got theapproval of the Financial Markets Authority (AMF) In France. This approval as a virtual asset service provider means a giant step for Gemini. Indeed, the exchange is now positioned as a major player in the crypto sector in France.
The crypto-stock market is preparing to launch a full range of services for retail clients and institutionsaccording to a company press release. This promises access to around sixty cryptocurrencies.
The arrival of Gemini in France is welcomed with palpable enthusiasm by the local crypto community. By offering secure and regulatory-compliant services, Gemini is preparing to meet the growing needs of crypto investors in France.
The company plans to offer access through its website, mobile app, as well as other platforms like Gemini eOTC and ActiveTrader. This underlines its commitment to providing an optimal user experience.
Impacts on the French market
Gemini’s entry into the French market coincides with a constant increase in the volume of transactions on the platform. Which demonstrates the growing interest in cryptos.
In December 2023, the exchange recorded a trading volume of $1.58 billion. This represents a increase of 26.4% compared to the previous month.
The arrival of this exchange in France is a clear indicator of the positive development of the regulatory framework in the country. With a focus on compliance and security, Gemini also plays a role of catalyst in crypto adoption by a wider audience.
This progress is also an encouraging sign for other players in the sector, who could be encouraged to explore the French market. Moreover, in December 2023, the French regulator authorized Coinbase to provide its services in the country. This thus strengthens France’s status as innovation hub in the crypto sector.
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