Key takeawaysGemini crypto exchange, founded by the Winklevoss twins, secures VASP license to operate in France.The exchange acknowledges France as formidable with proactive engagement and support for the digital asset sector.The expansion marks part of the companys vision of fostering its presence in Europe.Gemini Expands To France, Leverages The Countrys Thriving Crypto MarketProminent US-based crypto exchange Gemini has launched its operations in France. This comes after securing a Virtual Asset Service Provider (VASP) license in the country earlier this year.The launch is part of Geminis vision to broaden its presence in the European market. It will allow French users to access the Gemini platform and easily buy, sell, trade, deposit, and store over 70 crypto assets via web and mobile applications.Geminis French customers will enjoy various payment options, including local bank transfers, supported debit cards, fiats such as GBP and EUR, and Apple Pay.Additionally, French advanced traders can now leverage Geminis ActiveTrader to engage in more than 80 trading pairs. Geminis OTC desk and eOTC trading system are also available for institutional investors for large-volume transactions with intense liquidity.Meanwhile, Gemini aims to explore the great possibilities of Frances thriving crypto market through this expansion. Notably, the move to France conforms with the exchanges strategic growth plans in the European markets.According to Geminis 2024 Global State of Crypto Report, the exchange highlighted Frances proactive engagement toward crypto assets. Moreover, the country has laid out a favorable regulatory environment for the crypto industry, attracting many crypto entities.The report indicated that France ranked among the top pro-crypto countries in its survey in Europe. The countrys share of crypto owners rose to 18%, indicating a 2% increase since 2022.Also, the number of people in France with regulatory concerns regarding the crypto industry dropped to 32% from 37% in 2022 during the peak of the bear market.In a statement, the CEO of Gemini UK and Europe, Gillian Lynch, expressed excitement about the companys achievement. She noted that expanding to France will help Geminis mission of making crypto accessible to many.Lynch also praised Frances regulatory framework for the industry.The CEO stated: Geminis 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.Gemini Continues With Strategic Moves To Broaden Its Userbase GloballyWinklevoss twins Cameron and Tyler founded the Gemini crypto exchange in 2014. Though headquartered in New York, US, the company now operates in more than 70 countries across the world.The crypto exchange has its European headquarters in Dublin. Gemini is the first crypto-related firm to complete a Virtual Asset Service Provider (VASP) registration with the Central Bank of Ireland.In May this year, the exchange disclosed the return of $2.18 billion in crypto assets to users of its Earn Crypto Lending Program. Notably, the product shut down in November 2022 due to crypto market contagion.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Rida is a dedicated crypto journalist with a passion for the latest developments in the cryptocurrency world. With a keen eye for detail and a commitment to thorough research, she delivers timely and insightful news articles that keep her readers informed about the rapidly evolving digital economy. View all articles by Rida Fatima Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.