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Bitcoin & Ethereum, gaining ground in France?

Bitcoin & Ethereum, gaining ground in France?

Saturday 24 September 2022 ▪ 3:00 pm ▪
4
min read – with
Cédrick Aimé GUELANG OFALABEN

2022 is a rather complicated year for the crypto industry. However, it continues to interest individuals and institutions around the world. In France, for example, several structures have recently shown interest in virtual currencies. Arquant Capital, a French company specializing in digital assets, is the first firm in France to offer its clients direct investments in the crypto market. So it has partnered with French banking giant Société Générale to offer funds in bitcoins (BTC) and ether (ETH). This collaboration will lead to greater adoption in France of the two top cryptocurrencies by market capitalization.

Arquant and Société Générale invest in cryptocurrencies

The growing interest of French institutions for crypto

France is not as advanced in crypto adoption as the United States, but it continues to progress. Due to the strict control of the government authorities and the leading role of the CMA, many institutions are discouraged from investing in digital assets. Arquant Capital, the French management company plans to make the exception. Created in 2021, it immediately showed interest in crypto. She is there the first company in France that allows its customers to invest directly in cryptocurrencies.

In fact, it will now be able to offer funds in bitcoins and ether. This revival of digital currencies is not insignificant, argues Arquant Capital: “The goal is to facilitate access to this asset class for professional clients with standard market constraints. But also involve active management for those who do not know how to manage the volatility linked to crypto well. »

Arquant is not the only French company interested in the crypto industry. It collaborates precisely with the banking giant Societe Generale to offer new Bitcoin and Ethereum fund management services. These services will be aimed especially at asset managers who want to take advantage of the strong demand for bitcoin and cryptocurrencies in general. To convince its customers, the bank relied on experience “simple and appropriate” to establish Bitcoin funds with its new service offerings. The bank’s press release states: “More and more investors want to integrate cryptocurrencies in their portfolios (…) So asset management companies are trying to build new ranges of solutions that are mainly invested in digital assets. »

Conclusion

The crypto market has been going through a bad patch since the beginning of the year. However, despite the bearish market, institutions continue to show interest in digital currencies. If, in France, Arquant Capital and Société Générale show this trend well, other institutions around the world are also doing it. For example, the second largest stock exchange in the world, the Nasdaq, has announced the establishment of new services. These are crypto and bitcoin custody services for its institutional clients. His only fear at the moment is that the MiCA regulation and the AMF will oppose this large-scale crypto acceptance that is about to take place in France.

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Cédrick Aimé GUELANG OFALABEN avatar
Cédrick Aimé GUELANG OFALABEN

A doctoral student in financial law and an experienced SEO web editor, Cédrick Aimé is passionate about cryptocurrencies, trading, etc. He naturally participates thanks to his articles in the daily blockchain revolution for a better democratization of DeFi.

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