Gemini Makes Its Move Down Under With Australian Exchange Debut

Gemini Makes Its Move Down Under With Australian Exchange Debut

By Bitcoinist
Gemini has set up a local arm in Australia and moved Australian accounts into it, signaling a bigger push into the Asia-Pacific market. According to company notices and regulatory filings, the new entity is called Gemini Intergalactic Australia Pty Ltd and it is registered with AUSTRAC as a digital currency provider.

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**Gemini Cryptocurrency Exchange Launches Australian Operations, Expands Asia-Pacific Market Presence**

Gemini, the leading digital asset exchange, has officially launched its Australian operations through a new subsidiary, Gemini Intergalactic Australia Pty Ltd. The cryptocurrency exchange has successfully registered with AUSTRAC as a digital currency provider, marking a significant expansion into the Asia-Pacific region's growing crypto market.

This strategic move positions Gemini to capitalize on Australia's increasing Bitcoin and blockchain adoption, as the country continues developing comprehensive cryptocurrency regulations. Australian users can now access Gemini's full suite of digital asset trading services through the localized platform, including spot trading for major cryptocurrencies like Bitcoin, Ethereum, and other altcoins.

The Australian cryptocurrency market has shown remarkable growth, with institutional and retail investors increasingly embracing digital assets and DeFi protocols. Gemini's expansion comes amid rising demand for regulated cryptocurrency exchanges that offer secure trading environments and regulatory compliance.

By establishing a local entity, Gemini demonstrates commitment to the Australian crypto community while positioning itself to compete with other major exchanges in the region. This expansion could potentially drive increased cryptocurrency adoption and trading volume across Australia's rapidly evolving digital asset ecosystem.

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Market Sentiment
neutral
Category
bitcoin
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Market

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Source: Bitcoinist

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