This year, the firm became a Virtual Asset Service Provider in France, taking advantage of its developing crypto environment and governmental backing.

According to a Gemini press release acquired by crypto.news, French customers may register Gemini accounts and trade or store over 70 digital assets on the platform's online or mobile app.

Customers in France may finance their accounts via local debit cards, bank transfers, and Apple Pay, with Euro and British Pound compatibility. For institutional customers seeking competitive pricing and strong liquidity, Gemini offers advanced trading capabilities including its ActiveTrader™ platform and over-the-counter services.

With a new legislative environment that encourages innovation, France has become a worldwide crypto leader.

Gemini's 2024 Global State of Crypto report shows 18% crypto ownership in France, up two percentage points from 2022. This rise occurs despite the "crypto winter," a lengthy digital asset price drop.

The research found that French respondents trust crypto more than US and UK respondents. This trust is due to France's VASP regime and the EU's 2023 MiCA law, which clarified crypto business standards.

The survey found that 62% of French crypto holders regard digital assets as long-term investments, with 46% buying their first crypto three to five years ago. Around 49% of French crypto owners aim to re-enter the market within a year, with 28% allocating 5% of their portfolios to crypto.

43% of respondents say fraud prevention is the main element in developing crypto sector trust, while 32% of previous and non-owners mention regulatory worries, down from 37% in 2022.

The survey found 35% of French crypto owners are women, among the highest internationally, despite a 10% fall since 2022.

Singapore's Monetary Authority granted Gemini a Major Payment Institution license in principle last month.