- Gemini Trust Co., the crypto exchange founded by the Winklevoss twins, is expanding into France amid a more favorable regulatory environment in Europe.
- France has taken a friendlier stance on cryptocurrencies under President Macron, passing crypto-friendly laws and aiming to make Paris an industry hub.
- With its expansion into France, Gemini can tap into the large European crypto market and continue growing globally while US regulation remains unclear.
Gemini Trust Co., the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, is expanding into France. This move comes as US crypto firms look to Europe for a more welcoming regulatory environment.
Gemini’s Expansion into France
The company has registered as a digital asset service provider with French regulators. Gemini’s products will soon be available to both retail and institutional investors across France.
This marks Gemini’s continued growth in Europe. The continent has become an attractive destination for crypto companies amid increased scrutiny in the US.
Regulatory Differences in the US vs. France
In contrast to strict US policies, France has taken a friendlier stance toward cryptocurrencies under President Emmanuel Macron. His administration has passed crypto-friendly laws and wants to make Paris a hub for the industry.
Other major crypto firms such as Binance have also established operations in France due to the clearer regulatory landscape. Many US exchanges struggle with uncertainty around how tokens should be classified and regulated.
Gemini’s Future in France
With its expansion into France, Gemini can tap into the large European crypto market. The move may help the company continue to grow globally while US regulation remains unsettled.
The Winklevoss twins have been major figures in crypto’s growth, with Gemini becoming a leading regulated exchange. As the industry matures, regulatory approval remains essential. Gemini’s ability to navigate disparate policies will determine its success.
