Gemini Crypto Exchange Launches Operations in France Ahead of MiCA Regulations

Gemini recently commenced operations in France, enabling users to deposit, trade, and store digital assets. This development arrives just weeks before the European Union's Markets in Crypto Assets (MiCA) regulations, which will allow registered companies to operate throughout the EU trading bloc.

Users in the EU's second-largest economy can now create Gemini accounts to manage their digital assets. This includes the option to add funds via debit cards and bank transfers, remarked the New York-based company.

The timing is strategic, as MiCA regulations will fully commence at the year's end, giving rise to potential growth in other EU nations. Companies that gain MiCA certification in one country will soon be allowed to operate across the entire bloc. French firms will be permitted to function for up to 18 months while awaiting regulatory approval.

"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," said Gillian Lynch, CEO of Gemini for the U.K. and Europe.

Established players like Gemini Intergalactic Europe achieved registration as a digital asset service provider in France last December and are also registered with the central bank of Ireland.

Read more: France Opens for MiCA Applications, First Among Biggest EU Economies