Gemini Exchange Secures AUSTRAC Approval for AUD Trading
The Gemini Australian Exchange has secured AUSTRAC approval and launched a local entity, Gemini Intergalactic Australia Pty Ltd, on September 18, 2025. All Australian accounts were migrated onshore, enabling AUD deposits and withdrawals via PayID, Osko, and the New Payments Platform for faster transfers. The Gemini Australian Exchange now requires users to convert or remove non-AUD balances under a new User Agreement.
James Logan, former head of Luno Australia, was appointed Head of Australia, reporting to APAC lead Saad Ahmed. The exchange anticipates upcoming AFSL regulations and has forged local infrastructure partnerships to enhance liquidity. With about 22–31% of Australians owning digital assets, the AUSTRAC-approved Gemini Australian Exchange aims to boost market trust and competitive positioning. Traders can expect more convenient fiat rails, reduced costs, and higher AUD-denominated liquidity.
Bullish
The AUSTRAC approval and onshore launch of the Gemini Australian Exchange strengthens regulatory compliance and local infrastructure, driving higher confidence and trading volume. In the short term, faster AUD rails via PayID, Osko, and the New Payments Platform will reduce settlement friction and costs, encouraging more active trading. Over the long term, securing a local entity and preparing for AFSL licensing should enhance market trust, attract institutional and retail investors, and boost AUD-denominated liquidity. These factors collectively support a bullish outlook for trading activity on the platform.