Gemini Australia now enables direct Australian dollar trading through local banking integrations, offering instant NPP transfers and PayID funding after formal AUSTRAC registration, simplifying deposits and removing prior dependence on cross‑border SWIFT transfers for Australian users.
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Direct AUD trading via NPP and PayID for faster, local deposits
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AUSTRAC registration formalizes Gemini Intergalactic Australia’s compliance with Australian AML rules
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Gemini cites 22% crypto ownership in Australia (Gemini Global State of Crypto 2025) as growth rationale
Gemini Australia enables direct Australian dollar trading with NPP and PayID after AUSTRAC registration — trade AUD faster today with local banking integrations.
What is Gemini’s new Australian dollar trading offering?
Gemini Australia is enabling direct Australian dollar trading through local banking integrations, including NPP and PayID, after registering its local entity with AUSTRAC. This removes the previous requirement for cross‑border SWIFT funding and lets Australian users deposit and trade AUD more quickly and efficiently.
How did Gemini secure AUSTRAC registration?
Gemini Intergalactic Australia, Pty Ltd completed formal registration with AUSTRAC, Australia’s financial intelligence and anti‑money laundering regulator. Registration is mandatory for platforms offering crypto exchange services in Australia and signals compliance with baseline AML and reporting obligations. COINOTAG reported the registration and quoted Gemini executives on their compliance plans.
Why is Gemini expanding into Australia now?
Gemini’s expansion follows increased regulatory clarity and the Australian government’s draft law to extend financial services oversight to crypto firms. Saad Ahmed, head of APAC at Gemini, said the move reflects Australia’s strong market potential and Gemini’s aim to build a secure, trusted ecosystem for retail and institutional users.
How will local AUD banking integrations work?
Local integrations include:
- NPP (New Payments Platform) for instant interbank transfers
- PayID for simplified account‑to‑account payments
- Removal of SWIFT U.S. funding for standard deposits
These integrations reduce transfer times and foreign rails, improving on the previous self‑directed access route under Gemini’s global entity.
What regulatory permissions is Gemini pursuing next?
Gemini confirmed it is applying for an Australian Financial Services Licence from ASIC to support regulated products such as derivatives for wholesale clients. The company has appointed James Logan as Head of Australia to lead local growth and regulatory engagement. These steps align with a compliance‑first strategy ahead of stricter oversight.
How does this change affect Australian crypto users?
Front‑loaded benefits include faster deposits, lower friction for AUD on‑ramps, and clearer recourse under Australian regulation. For institutional participants, local banking rails and regulatory licensing efforts may enable expanded product offerings over time.
| Feature | Prior State | New State |
|---|---|---|
| Funding method | SWIFT to U.S. accounts | Local NPP and PayID |
| Currency trading | USD/crypto via global entity | Direct AUD/crypto trading |
| Regulatory status | Self‑directed access under global entity | AUSTRAC registered local entity; AFSL application pending |
| Local leadership | Global management | Head of Australia: James Logan |
Frequently Asked Questions
Can Australian users now deposit AUD directly into Gemini?
Yes. Gemini now supports direct AUD deposits via NPP and PayID, eliminating the need for SWIFT transfers to U.S. bank accounts for funding.
Is Gemini regulated in Australia?
Gemini Intergalactic Australia is registered with AUSTRAC for AML obligations and is applying for an Australian Financial Services Licence from ASIC to expand regulated product offerings.
How widespread is crypto adoption in Australia?
According to Gemini’s Global State of Crypto 2025 report, approximately 22% of the Australian population owns digital assets, comparable to U.S. adoption rates.
Key Takeaways
- Local trading: Gemini now enables direct AUD trading via NPP and PayID for faster deposits.
- Regulatory compliance: AUSTRAC registration signals formal AML compliance; AFSL application is underway.
- Market potential: Australia’s ~22% crypto ownership rate underpins Gemini’s strategic expansion and product plans.
Conclusion
Gemini’s AUSTRAC registration and launch of direct Australian dollar trading mark a significant step in the exchange’s Australia strategy. By integrating NPP and PayID and pursuing ASIC licensing, Gemini seeks to combine liquidity and regulatory rigor to serve both retail and institutional clients in Australia. Watch for further product rollouts as local licensing progresses.
