Gemini Launches in France as Country’s Trust in Crypto Increases

We’re thrilled to announce that Gemini is launching today in France after registering as a Virtual Asset Service Provider (VASP) there earlier this year. This move is part of our continued dedication to the European market in a country that features a thriving Web3 and crypto ecosystem.

Users in France can now open a Gemini account to deposit, trade, and store more than 70 digital assets using the web or app. Additionally, they can add funds using local payment rails, including EUR and GBP, through debit card, bank transfer, and Apple Pay.

Advanced traders can also access ActiveTrader™ for sophisticated trading with over 80 pairs, while institutional clients can benefit from Gemini’s OTC desk and eOTC trading system, designed to execute large orders with deep liquidity and optimal pricing.

Why Gemini Is Moving Into France

Gemini’s entry into France is a strategic choice for our next phase of growth. France’s proactive engagement with and support of the crypto sector has fostered the development of a crypto hub, making it a key market for us.

Crypto adoption has grown steadily in France over the past two years resulting in positive sentiment around digital assets, according to Gemini’s recently released 2024 Global State of Crypto report. The percentage of crypto owners has risen to 18%, a two percentage-point increase since 2022—marking France as the country with the highest growth post-crypto winter. The report points to France being among the most pro-crypto countries surveyed, with a strong demand for secure, trusted players like Gemini.

Previously unreleased data also indicates that respondents in France trust crypto more than respondents in the US and UK. This is likely influenced by the introduction of France’s VASP regime, and the European Union’s recent passing of the Markets in Crypto Assets regulation (MiCA) in 2023, a bill that offers a comprehensive framework and regulatory clarity for EU firms working in digital assets. In light of this, the report highlights how consumers in France are less concerned about the regulatory environment than two years ago.

Crypto Ownership Increases In France

Gemini’s 2024 Global State of Crypto report shows France to be among the most pro-crypto countries surveyed, with a strong demand for secure, trusted players like Gemini.

Other key findings included:

• The majority of French crypto owners are HODLers: The majority of crypto holders (62%) in France view cryptocurrencies as long-term investments, with almost half (46%) having purchased their first crypto over three years ago.
• Past owners likely to return to market: Nearly half (49%) of past crypto owners in France expressed they were somewhat likely to re-enter the market within the next year, 17% were very likely to buy crypto in the next year and 6% extremely likely to purchase crypto during that timeframe.
• Trust in crypto is higher in France: Nearly one-fourth of respondents in France (23%) said they trusted crypto, which is slightly higher than respondents in the US (21%) and UK (19%).
• Security is paramount: The most important factor (43%) that will boost consumer trust in the crypto industry in France are security measures that protect against fraud and scams.
• Regulatory concerns are dwindling: In 2024, just 32% of respondents in France said they still had regulatory concerns about the industry, down from 37% two years ago.
• The gender split in France is one of the most positive globally: France boasts one of the most balanced gender splits in crypto adoption globally (35% of owners are women), despite a 10% reduction since 2022. Interestingly, a larger proportion of women (34%) than men (17%) first purchased crypto within the past year as the market rebounded.

“We believe in empowering individuals through crypto, and our expansion into France marks a significant milestone in our mission to make crypto accessible to everyone,” said Gillian Lynch, Gemini’s CEO of UK & Europe. “Gemini’s research into the French market shows its growing interest in digital assets, and a robust regulatory framework presents a unique opportunity to introduce our platform to the trading community and extend our presence in the European market over the coming months.”

French users can visit Gemini.com or download the app to sign up for Gemini today.

Onward and Upward!
Team Gemini