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Gemini Launches Australian Unit With AUSTRAC Registration

The exchange targets rising local demand with a compliance-first rollout.

Overview

  • Gemini Intergalactic Australia is now registered with AUSTRAC as a digital currency provider, formalizing on-the-ground operations that previously served Australian users via the global platform.
  • Australian customers can fund accounts and trade directly in AUD through local banking rails, including NPP for instant transfers and PayID for simplified payments.
  • Gemini says it is applying for an Australian Financial Services Licence from ASIC to expand into regulated offerings such as derivatives for wholesale clients.
  • The company is evaluating additional products, including staking and a credit card, which it says would launch gradually and only subject to licensing and compliance.
  • The local operation is based in Sydney, with trade outlets reporting James Logan as head of Australia, as the firm cites growing adoption and institutional interest in the market.