Gemini launches Australia operation after AUSTRAC registration

Cryptocurrency exchange Gemini said on Thursday it has launched a locally registered Australian operation, Gemini Intergalactic Australia Pty Ltd, after registering with the Australian Transaction Reports and Analysis Centre. The move, announced at the TOKEN2049 conference in Singapore this week, will allow the New York based exchange to offer Australian dollar trading and integrate local payment rails for faster deposits and withdrawals.

Gemini said the decision follows rising consumer interest in digital assets in Australia and increasing activity from institutional customers. Saad Ahmed, head of Asia Pacific at Gemini, said on the sidelines of the conference, "We think that there is enough market opportunity for us to build a local platform. We have some institutional customers from Australia, and I think that is another area where we've seen some growth. So having a team on the ground, building a business which is localised, which is optimised for Australian users, makes sense for us."

Industry data bolsters that rationale. The Australian Independent Reserve Cryptocurrency Index reported that crypto adoption in Australia rose to 31 percent in early 2025, up from 28 percent...