By: Isha Das
In a landmark step, cryptocurrency exchange Gemini has secured the Digital Asset Service Provider (DASP) registration in France. This registration has been sanctioned by the l’Autorité des Marchés Financiers (AMF), the French financial markets regulator, opening doors for Gemini to serve both retail and institutional customers in France.
This regulatory approval allows Gemini's users in France to learn about and engage with a broad spectrum of 70 cryptocurrencies via its comprehensive services encompassing its website, mobile app, and platforms like Gemini eOTC and ActiveTrader. The achievement is considered a major milestone in the company's European expansion strategy, given a prominent push for regulatory clarity within the industry in Europe.
Gemini's European footprint extends beyond France. The exchange has marked Ireland as its European headquarters, following the lead of several major US-based crypto organizations. Despite legal challenges faced from the U.S. Securities and Exchange Commission (SEC) at home, Gemini continues to secure its reach across the world, operating in more than a dozen EU nations and around 70 countries globally. The company is also eyeing the United Kingdom as a potential second headquarters.
With a promising sign of future progress, Gemini is set to play a key role in one of the several spot Bitcoin exchange-traded funds (ETF) expected in the United States. Asset manager 7RCC has named Gemini the crypto trading platform for its eco-friendly Bitcoin ETF application.
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