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. The shift took effect on September 18, 2025, when Australian accounts were transitioned from Gemini Trust Company, LLC to the local entity. Local Entity Registered With AUSTRAC Based on reports, the AUSTRAC registration allows Gemini to offer onshore services and to use Australia’s payment rails. Australians will now deposit and withdraw fiat in AUD only for local banking transfers. The exchange said non-AUD fiat balances must be converted or removed ahead of deadlines set in the transition notices. Users must also accept a new User Agreement; access may be limited for those who do not agree. Faster Banking Options For Australian Users Gemini has added support for Osko and the New Payments Platform (NPP), which can make transfers instant or near-instant between banks. That change is meant to cut the time and cost that some Australians previously faced when sending money overseas or dealing in non-AUD currencies. Reports have disclosed that the move should make routine trading and withdrawals simpler for both retail and institutional customers in Australia. New Leadership To Run Local Operations James Logan has been named Head of Australia. He will lead local partnerships, customer service, and growth efforts for the exchange. Saad Ahmed, who heads Gemini’s APAC operations, commented that the expansion responds to rising demand in the region and helps the firm operate inside local rules. The staffing and leadership appointments were reported by multiple industry outlets. What Adoption Figures Might Suggest Reports cite differing adoption numbers: some sources say about 22% of Australians own digital assets, while other surveys put that figure near 31% as of early 2025. Those price ranges make Australia an interesting cryptocurrency market for global exchanges. However, registration with AUSTRAC and establishing more connections with local banking systems mean Gemini is preparing for tighter oversight as regulators sharpen the regulations for crypto platforms. On Regulation And Competition Australia has been trying to establish clearer rules for exchanges, and local registration gives Gemini more stability in light of possible new licensing requirements from ASIC. The move also places Gemini in more direct competition with established local exchanges, given they all operate with established banking connections in-country. Reports indicate the company believes a local presence will help it meet rules and better serve users. Featured image from DepositPhotos, chart from TradingView
