Gemini Expands Operations in Australia with AUSTRAC Registration

Core Insights - Gemini, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is expanding its operations in Australia after securing registration with AUSTRAC, the country's anti-money laundering regulator [1][2] Company Operations - Gemini Intergalactic Australia Pty Ltd is now officially registered with AUSTRAC as a digital currency provider, which is a prerequisite for offering crypto exchange services in Australia [2] - The exchange has recorded a total trading volume of over $126 million in the past 24 hours, positioning it among the top 20 cryptocurrency exchanges by volume [2] Market Context - The entry of Gemini into the Australian market allows local users to trade cryptocurrencies using AUD, one of the G-10 currencies [3] - Australia has become a vibrant crypto market, with a crypto adoption rate of 22%, comparable to that of the United States, according to Gemini's Global State of Crypto Report 2025 [3] Strategic Moves - Gemini is intensifying its Asia-Pacific growth strategy in response to Australia's rapidly growing digital asset market [4] - James Logan has been appointed as Head of Australia to lead local operations, bringing extensive experience from previous roles in the crypto industry [4] - The appointment of Logan emphasizes Gemini's commitment to creating a safe, transparent, and compliant ecosystem for both retail and institutional customers [5]