Gemini Registered as Digital Asset Service Provider in France, Expands Operations Abroad

Gemini Registered as Digital Asset Service Provider in France, Expands Operations Abroad

Gemini, a well-known cryptocurrency exchange, has achieved a significant milestone by being registered as a Digital Asset Service Provider (DASP) in France by the Autorité des Marchés Financiers (AMF), the French financial markets regulator. This registration allows Gemini to offer its services to both retail and institutional customers in the country.

Gemini’s registration not only opens up new opportunities for users in France but also grants them access to a wide range of 70 cryptocurrencies through Gemini’s comprehensive offerings, such as its website, mobile app, Gemini eOTC, and the ActiveTrader platform. This expansion is a positive step for Gemini as it continues to grow its presence in the European market.

Gemini’s decision to expand its operations abroad is not an isolated move. Several U.S.-based cryptocurrency exchanges have been exploring opportunities outside the country due to regulatory scrutiny at home. Gemini, too, faced legal challenges from the U.S. Securities and Exchange Commission (SEC) regarding its defunct Earn product, which was accused of being a security. Additionally, the company is currently dealing with a lawsuit filed by New York authorities, alleging investor fraud related to one of its investment products.

To overcome these challenges and broaden its market reach, Gemini has launched the Gemini Foundation, a non-U.S. derivatives platform currently available in 30 countries. Furthermore, there are reports suggesting that Gemini is considering establishing a second headquarters in the United Kingdom. With operations already spanning over a dozen EU countries and around 70 countries worldwide, Gemini is continuously expanding its presence and services to meet the growing demand for cryptocurrencies globally.

Gemini’s influence extends beyond its traditional cryptocurrency exchange services. The platform has been chosen by asset manager 7RCC for its environment-conscious spot Bitcoin exchange-traded fund (ETF) application. ETFs have gained significant attention and interest, and Gemini’s involvement in this sector highlights its credibility and the level of trust placed in its services.

Gemini’s registration as a Digital Asset Service Provider in France marks a significant step forward in its efforts to expand its services globally. By complying with regulations and securing its presence in various countries, Gemini is solidifying its position as a leading cryptocurrency exchange. The company’s commitment to providing compliant and secure access to the future of finance resonates with its mission to unlock financial freedom for individuals and businesses alike.

As the cryptocurrency market continues to evolve, Gemini’s ability to remain adaptable, innovative, and responsive to regulatory changes will be crucial to its sustained success. The company’s expansion plans, diverse range of offerings, and involvement in potential groundbreaking ETFs demonstrate its determination to stay at the forefront of the industry.

Gemini’s registration as a Digital Asset Service Provider in France and its expanding operations abroad signifies its continuous growth and commitment to providing secure and compliant cryptocurrency services. With its extensive range of offerings and involvement in innovative projects, Gemini is poised to play a significant role in shaping the future of global finance.

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