Gemini Reveals Its Expansion Strategy Across Asia
Gemini, the famous cryptocurrency exchange, is making big moves in Asia with the announcement of its new Indian engineering hub and the appointment of a regional CEO. The company has made significant strides in Asia in recent years, focusing on expanding its regional reach and offerings.
With the opening of the Indian engineering hub, Gemini plans to further strengthen its position in the Asian market by leveraging the country’s rich talent pool and expertise in technology.
Gemini To Establish Indian Hub And Hire Regional CEO
Based in the United States, the cryptocurrency exchange intends to tap into India’s vast pool of top technology talent by setting up a new engineering hub. In its official announcement, the exchange’s global chief technology officer, Pravjit Tiwana, stated that Gemini is establishing an engineering hub in one of India’s top engineering cities.
The new hub will be second only to the exchange’s primary engineering hub, which is in the United States. Tiwana, who has been named CEO of Gemini Asia Pacific in addition to his global CTO role, will lead the initiative.
Gemini’s founders, Tyler and Cameron Winklevoss, also announced on the same day that the exchange plans to expand internationally in the Asia Pacific region this year. However, it would be starting its expansion into the Asian region with its India hub.
Gemini’s official statement adds that the firm’s India division will have a broad scope. However, its primary task will be to create excellent user experiences regardless of the devices used in accessing the site.
The team will also ensure compliance with regulatory policies, management of data sources, security, and payment processing. Additionally, the team will be responsible for developing new features for the exchange’s crypto-asset platforms, including NFT marketplaces.
It is worth noting that Gemini’s retail and institutional clients will utilize these new features in more than 70 nations.
Focusing On Top Tech Talent And Catering To Asia Pacific Customers
Gemini stated that it is currently hiring new employees in India. Their job listings page features 18 vacant positions, 14 for engineering roles, and one for regional vice president.
Tiwana recognized the abundance of highly skilled technology professionals in India, referring to the country as a hub for top-notch talent in the industry. Per the report issued by the exchange, it plans to increase the size of its business teams in India and Singapore, with a specific objective to cater to institutional and individual customers in the Asia Pacific region.
This announcement comes after Gemini’s declaration last week that it has submitted a pre-registration commitment to the Ontario Securities Commission (OSC). The OSC is the governing body regulating the capital markets in Canada’s heavily populated province.
Crypto exchanges must complete a mandatory procedure successfully with the relevant regulatory body before they can be authorized to conduct business in Canada and acquire the status of a restricted dealer. Gemini is among the rising number of crypto firms moving out of the US following regulatory enforcement by the US SEC.
Coinbase, another top US-based crypto exchange, recently announced that it is expanding its operations outside the United States and has already received authorization to do business in Bermuda.
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