Gemini is now available in Australia, partnering with a local cryptocurrency exchange.

Gemini's Australian Expansion

Gemini has launched a fully localized operation in Australia, marking a significant step in its expansion across the Asia-Pacific region. The new entity, Gemini Intergalactic Australia, is registered with AUSTRAC, allowing it to operate as a licensed digital currency exchange. This move is driven by rising regional demand for digital assets and a desire to better serve both retail and institutional clients.

Australia's Growing Crypto Adoption

Australia's cryptocurrency adoption rate has reached 31%, demonstrating a substantial increase from 28% last year. The launch of Gemini’s localized platform aims to optimize the trading experience for Australian users. Faster deposits and a smoother trading experience are now available due to new AUD rails.

Recent Developments and Regulatory Landscape

The expansion follows Gemini’s recent $425 million Nasdaq debut, one of the largest digital asset listings this year. Australian regulators, including ASIC, have introduced measures to ease compliance for stablecoin distributors. These changes aim to support broader adoption of digital assets within the Australian market.