Crypto exchange Gemini is expanding services in Australia after registering with AUSTRAC. New rules require crypto exchanges to hold licenses under the Corporations Act. Gemini entered the Australian market in 2019, allowing users to trade Bitcoin and Ethereum. James Logan appointed Head of Australia at Gemini.

Gemini will now allow Australian users to trade directly in Australian dollars through local banking integrations, eliminating the need for cross-border transfers. Gemini’s focus on Australia stems from its market potential. The exchange plans to apply for an Australian Financial Services License to offer regulated products like derivatives for wholesale clients. Gemini emphasizes liquidity, regulatory rigor, and brand trust in the competitive Australian crypto market.

Read more at Yahoo Finance: Gemini Expands Australia Push as New Crypto Rules Loom