Gemini Expands to Australia Weeks After Nasdaq IPO

Core Insights - Gemini is expanding globally following its stock market debut in September, with recent launches in Australia and Europe [1][6][7] Group 1: Expansion Efforts - Gemini has registered with AUSTRAC to accept AUD deposits and has integrated with Australia's payment systems, Osko and NPP [2] - The company has introduced new AUD trading pairs, eliminating the need for SWIFT and international transfer fees [3] - A MiCA license from Malta's financial regulator allows Gemini to operate across the EU under a unified regulatory framework [8] Group 2: Stock Market Performance - Following its IPO on September 12, Gemini's stock experienced a significant decline, dropping 14% on September 16 and another 10% the following day [4] - The stock price fell from a high of $32.5 on September 15 to below $25 for nearly a month, although it has shown some recovery recently [4] - In contrast, other crypto IPOs like Circle and Figure Technologies have performed better, with Circle's stock up over 100% since its IPO and Figure Technologies rallying more than 36% [5]