- Gemini, a cryptocurrency exchange, has recently acquired a VASP license in France, allowing them to enter the country’s cryptocurrency market.
- The license was issued by the French Financial Markets Authority (AMF), enabling Gemini to offer services to both institutional and retail clients.
- The platform is set to launch in France in the coming weeks, providing customers with access to over 70 assets on their website and mobile app.
- Gemini’s ActiveTrader platform, known for its high-performance capabilities, will also be available to users, along with their electronic over-the-counter trading solution, Gemini eOTC, for institutional clients.
“We are excited to provide compliant and secure access to the finance of the future for French customers. Our mission is to bring forth a new era of financial, creative, and personal freedom.”
In December 2023, Gemini reported a spot trading volume of $1.58 billion, marking a 26.4% increase compared to the previous month.
In other news, Gemini recently halted services in the Netherlands due to non-compliance with local financial regulations.
Furthermore, Genesis Global Capital has filed a lawsuit against Gemini, seeking to recover over $689 million from their former partner.