Gemini Expands Operations in Australia
Crypto exchange Gemini has officially registered with AUSTRAC, Australia’s anti-money laundering regulator. This allows its local entity, Gemini Intergalactic Australia Pty Ltd, to offer digital currency exchange services directly to Australian customers. Previously, Australians accessed Gemini only through its global platform.
Gemini also appointed James Logan as Head of Australia. Logan has experience at crypto exchanges Luno and Bitget. He will lead Gemini’s strategy, partnerships, and customer growth in the country.
“Australians are increasingly turning to trusted platforms to manage their digital assets,” Logan said. “I’m thrilled to lead Gemini’s efforts here and build a strong presence to support long-term adoption and innovation.”
The exchange now supports Australian dollar trading through local banking systems like PayID and instant payment. This removes the need for cross-border transfers. Users can deposit AUD instantly, trade without international fees, and access a wide range of tokens.
Regulatory Context in Australia
Gemini’s move comes as Australia prepares for tighter crypto regulations. The Australian Securities and Investments Commission (ASIC) proposes that crypto exchanges obtain full financial services licenses under the Corporations Act. This would require compliance with standards similar to traditional financial institutions.
About 22% of Australians currently hold digital assets. Analysts say the country’s high adoption rate and growing regulatory framework make it a key market for crypto exchanges.
Gemini’s Global Growth
Gemini entered the Australian market in 2019, offering trades in Bitcoin, Ethereum, and other cryptocurrencies. The AUSTRAC registration is part of a formal process for crypto entities in Australia.
Globally, Gemini has reached several milestones. These include acquiring a European MiCA license, launching tokenized stock trading in Europe, introducing a Bitcoin credit card in the US, and going public on NASDAQ. The exchange operates in over 60 countries and has processed more than $200 billion in volume.
In Australia, Gemini now competes directly with international exchanges like Coinbase and Kraken, as well as local platforms such as Swyftx and CoinSpot.
