Gemini continues its global expansion.
Gemini, a United States-based crypto exchange, sets its sights on Asian expansion, with India being the "hotbed for bar-raising technology talent." The firm is set to establish an engineering hub in Gurgaon, India.
The exchange seeks to tap into the vast pool of tech talent available in the country, according to an April 20th statement from Pravjit Tiwana, Gemini's Global CTO.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
What are dApps in Crypto? (Explained with Animations)
This new engineering center in India will rank as Gemini's second-largest, just behind its US counterpart. The man at the helm of this operation will be Tiwana himself, who will serve as the CEO of Gemini Asia Pacific while retaining his global CTO position.
The Winklevoss twins, Gemini's founders, released a joint statement on the same day, emphasizing the exchange's "big plans for international growth this year" in Asia-Pacific (APAC) region, starting with the Indian hub. In the blog post, the Winklevoss brothers noted:
We believe that crypto and Web3 products will continue to have a strong growth trajectories in APAC. Crypto knows no boundaries, and that is why Gemini is a global company.
Gemini's Indian division will tackle a broad range of responsibilities. These include enhancing web and mobile user experiences, ensuring platform compliance, and managing data pipelines, warehousing, security, and payments.
Furthermore, the hub will focus on developing new features for Gemini's non-fungible token (NFT) and crypto asset marketplaces. Products and features designed at the India location will benefit retail and institutional customers across 70+ countries.
In addition to the Indian expansion, Gemini plans to grow its business teams in India and Singapore, with an emphasis on increasing its Asia Pacific-based institutional and individual customer base. The company has also filed a pre-registration undertaking in Canada.
Gemini's ambitious plans for expanding into the Asian market, starting with a strong foundation in India, demonstrate the exchange's commitment to global growth and innovation.
