According to the source, Gemini is expanding its Australia push as new crypto rules loom, as stated in an X post dated Oct 8, 2025, source: X post by the source on Oct 8, 2025. Australia’s Treasury has proposed a licensing framework to bring digital asset platforms under financial services laws, with consultation launched in Oct 2023, source: Australian Treasury consultation paper Regulating digital asset platforms, Oct 2023. For trading, monitor announcements on AUD on-ramp and off-ramp availability and any service adjustments tied to licensing timelines that could influence local liquidity and spreads on Australia-facing venues, source: X post by the source on Oct 8, 2025; Australian Treasury consultation Regulating digital asset platforms, Oct 2023.