Following its successful registration PSAN, Gemini plans to open its platform at french crypto investors.
The American cryptocurrency exchange platform Gemini announced on Wednesday that it would soon be launching its services in France, welcoming the green light from the AMF. Last month, Gemini obtained PSAN registration from the French regulator.
According to a press release, Gemini products will be available to French retail and institutional users in the coming weeks. We also learn that the latter will have access to Gemini eOTC, its OTC trading solution.
France is a world leader in innovation and has a vibrant crypto community, as evidenced by the success of Paris Blockchain Week. We are delighted that we will soon be able to offer French customers compliant and secure access to the future of finance,” commented Gillian Lynch, Gemini’s Head of Ireland and EU.
According to Gemini, the EU stands out for its approach to cryptocurrency regulation. The exchange calls the Old Continent a “leading global jurisdiction”. Several of its American rivals, including Coinbase, also believe that the MiCA legal framework adopted last year will bring greater clarity to the sector.
“By creating a standardized legal framework across the EU, MiCA not only increases the liability of service providers, but also strengthens consumer confidence in using and investing in crypto-assets,” Gemini thus states.
Gemini, which is also setting its sights on Asia, has been experiencing major difficulties with its EARN product since 2022. Its partner Genesis finally filed for bankruptcy in early 2023. The two companies are now being sued in New York State, and in parallel are battling each other in the courts.
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