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Kraken Lifts the Veil: France, The New Quietly Emerging Crypto Epicenter
cryptocurrency

Kraken Lifts the Veil: France, The New Quietly Emerging Crypto Epicenter

Kraken highlights France’s growing crypto adoption, MiCA regulation, and grassroots education fueling a financial revolution.

August 7, 2025
5 min read
Theia Patin

Kraken highlights France’s growing crypto adoption, MiCA regulation, and grassroots education fueling a financial revolution.

Kraken Lifts the Veil: France, The New Quietly Emerging Crypto Epicenter

In brief

  • Kraken goes to meet the French to popularize crypto.
  • 64% of non-holders say they are ready to buy cryptos.
  • The MiCA-PSAN framework makes France a favorable ground for adoption.
  • The financial revolution is already in your pocket, Kraken proves it

    In just over a decade, cryptocurrency has evolved from a geek curiosity to a driving force in digital finance. By the end of 2024, more than 560 million people owned crypto-assets, representing 6.8% of the global population. The total market capitalization nearly reached $3.9 trillion last year, with analysts projecting 750 to 900 million holders by 2025. The wave of adoption is already significant. A recent Kraken survey conducted in June 2025 in France reveals that 64% of non-holders plan to buy cryptocurrencies, 63% are ready to use them for payments, and over one-third would consider them for long-term savings. With the European Union harmonizing regulations through the MiCA (Markets in Crypto-Assets) framework, beginners face a landscape rich with opportunities and safeguards. This article aims to clarify the fundamentals, assess the potential, and help newcomers take their first confident steps into crypto.

    France, Europe’s locomotive?

    A study carried out by Kraken

    Founded in 2011 in San Francisco, Kraken is one of the pioneering cryptocurrency exchanges worldwide. Its mission is to provide simple yet highly secure access to buying, selling, and custody of digital assets for both retail and professional investors. Kraken is a regulated platform, registered as a PSAN (digital asset service provider) in France, and holds licenses across Europe, the UK, and the US. It offers spot and derivatives trading, staking solutions, reporting tools, and 24/7 customer support. Underlying all this is a clear editorial philosophy: crypto must be understood, not endured. Kraken invests heavily in education through articles, tutorials, and physical events to convert curiosity into informed adoption.

    Figures that speak

  • 35.1% of respondents would invest €1,000 in crypto.
  • 63.98% of interested but non-holding French individuals plan to buy crypto assets.
  • 63.29% are ready to pay directly in crypto.
  • 31.10% already own crypto, with over 32% having bought or traded in the last six months.
  • 75.7% believe “crypto is made for people like them,” indicating strong cultural acceptance.
  • These statistics, based on a panel of 2,600 people across France’s 13 regions, show widespread enthusiasm beyond Parisian technophiles. Regions like Occitanie and Grand Est even surpass Île-de-France in purchase intention, demonstrating how local word-of-mouth is democratizing innovation.

    A regulated framework to reassure

  • The EU adopted the MiCA regulation: effective June 30, 2024, for stablecoins and December 30, 2024, for crypto asset service providers (CASP).
  • France, a pioneer with the PSAN status since 2019, mandates registration for custody, trading, and platform operation.
  • Practically, beginners can verify in two clicks whether an exchange holds an AMF registration number before depositing euros. This makes the sector one of the best supervised globally, far from the often-portrayed Wild West.

    A worldwide adoption accelerating

    The global crypto community grew by 34% in 2024 compared to 2023. Projections estimate 750 to 900 million holders by 2025.

    Why?

  • Diversification: Direct access to assets denominated in dollars or bitcoin offers protection against monetary erosion.
  • Global payments: Euro stablecoin transfers take seconds and cost cents, compared to days and €20 fees for out-of-zone SEPA wires.
  • Passive income: Staking tokens to secure networks.
  • Commerce: Merchants accepting crypto increased from 11,000 mid-2024 to over 16,000 mid-2025.
  • The message is clear: crypto is no longer an insider’s bet but a mainstream financial option normalizing rapidly.

    Crypto in Everyday Life: Use Cases

    Daily needCrypto solutionPerceived effect
    ––––––––––––––––––-––––––––––––––––-–––––––––––––––––––––––––-
    Send €200 to a close Erasmus friend in CanadaStablecoinArrives in 5 seconds, cost < €0.01
    Protect €50 per month from inflationRecurring purchase of Bitcoin or EtherSimple Dollar-Cost Averaging (DCA) via regulated app
    Optimize a stock/bond portfolio5–10% allocation in BTC via a European crypto ETFDiversification uncorrelated to stock market cycles
    Support a digital artistPurchase an NFTCertificate of ownership & direct income to creator
    These examples are not financial advice but illustrate the potential of a mature crypto toolset.

    First steps in crypto… with Kraken

    1. Open an account on Kraken

    Kraken is registered as PSAN in France and compliant with the European MiCA framework, ensuring transparency about where your euros go. Creating a profile takes just minutes, with “Starter” or “Pro” plans tailored to your needs.

    2. Pass KYC without headache

    Identity verification involves submitting an ID document, a secure selfie, and sometimes proof of address. This process protects against fraud and money laundering. Kraken provides clear guidance at every step.

    3. Secure your assets like a pro

    Your first cryptos can remain safely on Kraken, which uses major cold storage and regular audits. Tutorials and 24/7 support are available. For maximum security, consider hardware wallets like Ledger or Trezor.

    4. Invest small… but regularly

    Activate recurring purchases (DCA) in the app: €10, €20, or €50 weekly or monthly. This smooths out volatility while keeping your budget under control.

    5. Keep learning continuously, on and off the platform

    Kraken offers educational articles, webinars, and a physical “Crypto Tour of France.” Complement this with local meetups, student associations, and the CoinTribune Read2Earn program to stay informed and rewarded.

    The next step is yours

    Crypto is no longer a gamble for adventurers; it is a financial technology embraced by hundreds of millions, regulated by authorities, and supported by a united community. In France, nearly two-thirds of the curious are ready to dive in. The MiCA-PSAN framework removes regulatory uncertainty, and everyday use cases multiply. If you are a beginner, the barrier to entry has never been lower: download Kraken, secure your keys, start with €100, and watch your journey unfold. Join the vanguard building a faster, more transparent, and more inclusive financial future. As with any innovation, the best understanding comes from experimentation. What if the next financial revolution fits in your smartphone pocket? It’s your move. Not investment advice. Crypto trading involves risk of loss. Spot trading provided by Payward Europe Solutions Limited t/a Kraken, authorised by the Central Bank of Ireland. Staking is unregulated. Trading derivatives involves significant risks and is not appropriate for all investors. The value of your investment may go down or up. See Risk Disclosure on eu.kraken.com. Derivatives products are provided by Payward Europe Digital Solutions (CY) Limited, regulated by the Cyprus Securities and Exchange Commission (CySEC), licence no 342/17.
    Source: Kraken Lifts the Veil: France, The New Quietly Emerging Crypto Epicenter on August 7, 2025.

    Frequently Asked Questions (FAQ)

    Crypto Adoption in France

    Q: What is the current sentiment towards cryptocurrency adoption in France? A: A recent Kraken survey indicates a strong positive sentiment, with 64% of non-holders expressing readiness to buy cryptocurrencies, and over a third considering them for long-term savings. Q: How is France positioning itself as a crypto hub? A: France is seen as a favorable ground for crypto adoption due to its early implementation of the PSAN status and the harmonization of regulations through the EU's MiCA framework. Q: Which regions in France show the most interest in buying crypto? A: While enthusiasm is widespread, regions like Occitanie and Grand Est are reportedly surpassing Île-de-France in purchase intention, suggesting a democratizing effect of local word-of-mouth.

    Regulatory Framework

    Q: What is the MiCA regulation and when is it effective? A: MiCA (Markets in Crypto-Assets) is an EU framework for harmonizing crypto-asset regulations. It became effective for stablecoins on June 30, 2024, and for crypto asset service providers (CASP) on December 30, 2024. Q: What is the PSAN status in France? A: PSAN (Prestataire de Services sur Actifs Numériques) is a registration status for digital asset service providers in France, mandated for entities involved in custody, trading, and platform operations since 2019. Q: How do MiCA and PSAN benefit beginners in crypto? A: These frameworks provide safeguards and regulatory clarity, making it easier for beginners to identify legitimate exchanges (e.g., by checking for an AMF registration number) and navigate the crypto landscape with greater confidence.

    Global Crypto Trends

    Q: How has the global crypto community grown? A: The global crypto community grew by 34% in 2024 compared to 2023, with projections estimating 750 to 900 million holders by 2025. Q: What are the primary drivers for increasing crypto adoption globally? A: Key drivers include diversification against monetary erosion, the efficiency of global payments via stablecoins, the potential for passive income through staking, and the increasing acceptance of crypto for commerce.

    Using Crypto in Daily Life

    Q: Can stablecoins be used for international money transfers? A: Yes, stablecoin transfers can be nearly instantaneous and cost significantly less than traditional methods like out-of-zone SEPA wires. Q: How can one protect savings from inflation using crypto? A: Strategies like recurring purchases of Bitcoin or Ether, known as Dollar-Cost Averaging (DCA), can be employed through regulated apps. Q: Are NFTs useful for supporting artists? A: Yes, NFTs (Non-Fungible Tokens) can serve as a certificate of ownership and provide direct income to creators, enabling direct support for digital artists.

    Crypto Market AI's Take

    France is emerging as a significant player in the European crypto landscape, largely driven by regulatory clarity and user accessibility. As Kraken highlights, the combination of the EU's MiCA framework and France's established PSAN status creates a robust environment for both established players and newcomers. At Crypto Market AI, we leverage advanced artificial intelligence to analyze market trends, identify promising investment opportunities, and provide users with actionable insights. Our AI-powered trading bots and market intelligence tools are designed to help navigate the complexities of the crypto market, much like Kraken aims to simplify crypto adoption for individuals. The increasing global adoption, coupled with practical use cases for cryptocurrencies, indicates a maturing market where regulated platforms and informed participation are key to long-term success.

    More to Read:

  • How AI is Revolutionizing Cryptocurrency Trading
  • Understanding the MiCA Regulation for Crypto in Europe
  • Kraken vs. Competitors: A Comparative Review