Gemini Bets on Aussie Crypto Boom, Launches Local Hub to Tap 25% Penetration Rate

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Citing Australia’s “quite significant” crypto penetration rate of 23-25%, US exchange Gemini is making a major expansion push with a new locally registered company.

Gemini Intergalactic Australia, based in Sydney, will allow the platform to offer seamless local payments and enhanced financial services, moving beyond the limited and expensive options previously available.

This growth-focused investment comes even as the exchange monitors the development of new draft crypto laws from Australian regulators.