Gemini, the cryptocurrency exchange owned by the Winklevoss twins, has received regulatory clearance from the French watchdog, Autorite des marches financiers (AMF), to commence its operations in France. This approval paves the way for Gemini to offer its extensive range of services to both retail and institutional clients in the French market. French users can soon access a diverse portfolio of over 70 cryptocurrencies on Gemini’s user-friendly platform, alongside its advanced ActiveTrader tool. Institutional clients will benefit from Gemini eOTC, facilitating electronic over-the-counter trading.
This expansion into France comes at a time when major U.S. crypto firms are eyeing the European Union for growth opportunities due to increased scrutiny from American regulators. Gemini’s strategic choice of Ireland as its European hub aligns with the EU’s progressive Markets in Crypto-Assets Regulation (MiCA), enabling crypto companies to operate across EU member states with a single license. While the U.S. is gradually warming up to cryptocurrencies, federal-level regulations are still pending, with several bills making their way through the House of Representatives.