Gemini Expands Operations in Australia with AUSTRAC Registration
- Gemini has secured registration with AUSTRAC, Australia’s anti-money laundering regulator.
- The exchange is among the top 20 cryptocurrency exchanges by volume, reporting over $126 million in trading volume in the last 24 hours.
- Australia’s crypto adoption rate stands at 22%, comparable to that of the United States.
- Saad Ahmed, head of APAC at Gemini, emphasized the company’s commitment to expanding in the Asia-Pacific region.
- James Logan has been appointed as Head of Australia to oversee local operations.
Gemini’s expansion into Australia allows local users to trade cryptocurrencies using AUD, enhancing access to one of the world’s most vibrant crypto markets. The appointment of James Logan reflects Gemini’s strategy to build a compliant ecosystem for both retail and institutional clients.
With a trading volume exceeding $126 million recently, Gemini aims to capitalize on Australia’s growing digital asset market and its notable adoption rate.(Source)
