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42m ago

Gemini Launches Locally Registered Australian Arm With AUD Trading

The exchange is positioning for a compliance‑led rollout under draft rules that may require an AFSL.

A representation of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration//File Photo
Photo: Callaghan O’Hare
Australia
Gemini launches australian subsidiary with local aud crypto trading

Overview

  • Gemini Intergalactic Australia Pty Ltd is now registered with AUSTRAC, enabling it to offer digital currency exchange services locally.
  • Australian customers can deposit and trade directly in AUD via NPP and PayID, replacing prior cross‑border SWIFT transfers to U.S. banks.
  • Gemini appointed James Logan as Head of Australia to lead strategy, partnerships, and team build‑out in Sydney.
  • The company says it is applying for an Australian Financial Services Licence from ASIC to access regulated offerings such as derivatives for wholesale clients, with additional products to be sequenced over time.
  • The expansion follows Gemini’s $425 million Nasdaq IPO and coincides with draft legislation proposing to bring crypto exchanges under the Corporations Act.