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Gemini Trust Company, LLC, received its Virtual Asset Service Provider (VASP) license in France. This will allow the company to offer its services to French customers.
The country's regulator approved the American cryptocurrency exchange and custodian bank, The Autorite des Marches Financiers, and this was confirmed this week. With the license in place, Gemini is set to launch its operation in the region in the coming weeks.
Opening of Its Services in France
Gemini crypto exchange is now preparing for the upcoming debut of its business in France. It is aiming to provide retail and institutional services to local customers.
According to CoinTelegraph, Gemini is looking to start offering its services in the coming weeks. After the official launch, the company will make more than 70 cryptocurrencies available to retail and corporate accounts.
Institutional clients will also access Gemini eOTC, the company's electronic over-the-counter trading tool. It was said that the company is the 105th to have earned approval from the French regulator.
European Expansion Drive
Meanwhile, Gemini opted to make Ireland its headquarters in Europe, and this decision was made in May of last year. The company selected this location as it has been pushing to expand its reach and operations in the European market.
"We are delighted to welcome customers based in France onto the Gemini platform in the coming weeks as we further expand access to crypto across Europe," Gemini's head of Ireland and EU, Gillian Lynch, said in the announcement. "France is a global innovation leader and has a vibrant crypto community as showcased by the success of Paris Blockchain Week."
She added, "We are excited to soon be able to provide French customers with compliant and secure access to the future of finance as we continue on our mission to unlock the next era of financial, creative, and personal freedom."
Photo by: Gemini Blog
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