Gemini Heads Down Under With Crypto Exchange Launch in Australia

Fibo Quantum

Cryptocurrency exchange Gemini announced Wednesday that it is officially opening its doors to customers in Australia.

The exchange’s fifth international move, the development means that Australian users can buy and sell five cryptocurrencies on Gemini including bitcoin, bitcoin cash, ethereum, litecoin, and zcash. The startup, founded by investors Tyler and Cameron Winklevoss, is also making available its iOS and Android application to this market.

The U.S.-based Gemini also operates internationally in Canada, South Korea, Hong Kong, Singapore, and the UK.

Speaking on the launch, co-founder and CEO Tyler Winklevoss said Gemini is looking forward to building its “Crypto Needs Rules” brand to Australia:

“We are thrilled to continue expanding our global footprint and give Aussies a safe and trustworthy cryptocurrency experience. We founded Gemini to build trust in this nascent technology and we look forward to building that trust in Australia.”

Gemini made news earlier this week by adding cybersecurity expert David Damato to its executive team as chief security officer. Damato joins Gemini with 20 years of experience in cybersecurity.

As CoinDesk reported earlier this year, Gemini is looking to expand beyond the trade of cryptocurrencies as well. At the time, CoinDesk learned that Gemini would apply for a broker-dealer license from the Financial Industry Regulatory Authority, the organization that regulates the industry in the U.S.

Image via Shutterstock.