Gemini Expands Operations in Australia with AUSTRAC Registration

Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, announced on Thursday the expansion of its operations in Australia, having secured formal registration with the country’s anti-money laundering regulator, AUSTRAC. The exchange's Australian arm, Gemini Intergalactic Australia Pty Ltd, is now officially registered with AUSTRAC, Australia’s financial intelligence and anti-money laundering regulator, as the digital currency provider. Registering with Austrac is necessary before offering crypto exchange services in the country. Gemini is one of the top 20 cryptocurrency exchanges by volume. The exchange has registered a total trading volume of over $126 million in the past 24 hours, according to data source Coingecko. The exchange's entry in Australia means locals can trade cryptocurrencies using AUD, one of the G-10 currencies. Australia has rapidly emerged as one of the world’s most vibrant crypto markets, according to Gemini’s Global State of Crypto Report 2025, which found that the country’s crypto adoption rate has reached 22%, putting it on par with the United States. “With Australia’s rapidly growing digital asset market, Gemini is doubling down on our Asia-Pacific growth strategy”, Saad Ahmed, head of APAC at Gemini, said in a press release shared with CoinDesk. Gemini has appointed James Logan as Head of Australia to lead its local operations. Logan brings extensive experience from his previous roles as Country Manager for Luno in Australia and a role at Bitget. “Appointing James as our Head of Australia underscores our commitment to building a safe, transparent, and compliant ecosystem for both retail and institutional customers," Ahmed added.