Cryptocurrency exchange Gemini has announced plans to expand its operations in the Asia Pacific (APAC) region. Plans include increasing staff in Singapore, which will serve as the regional hub, and launching an engineering base in India.
“We are excited to announce our expansion plans in the Asia Pacific region as the Gemini leadership team recently visited the region on their global journey to drive the promise of cryptocurrency,” Gemini wrote in a blog post published yesterday (Monday). “Within the next 12 months, we plan to increase our employee count to 100+ in Singapore.”
Gemini said that customers in the region will be able to use Singapore dollars (SGD), Hong Kong dollars (HKD), and Australian dollars (AUD) to trade cryptocurrencies on the exchange’s platforms. The exchange started supporting SGD in 2020.
In a separate announcement, Gemini said it is building its second largest engineering center outside the United States in Gurgaon, India. The center will help advance web and mobile user experiences, focusing, among other areas, on the core fundamentals of payments and security. The company added that the center will also focus on building feature sets for the exchange’s NFT markets.
In view of this, Gemini has announced that it is actively recruiting software engineers and technical product managers in India. Furthermore, the exchange is seeking to fill other roles, including human resources, finance, compliance, and support.
Gemini marine options
Gemini’s move to cement its presence in the APAC region is part of a broader plan to establish itself outside the United States, where it has seen tight regulation. The digital asset exchange, which described APAC as a ‘big driver for the next wave of growth for cryptocurrencies’, also announced plans to open its crypto derivatives platform offshore in April.
Similar plans were announced by rival exchange Coinbase, which later opened a derivatives exchange in Bermuda. This has become a growing trend in the US after the recent crackdown on cryptocurrency exchanges by the Securities and Exchange Commission (SEC). At the beginning of the year, the securities regulator accused Gemini of selling unregistered securities.
In the case, which also mentioned now-bankrupt cryptocurrency lender Genesis, the Securities and Exchange Commission (SEC) sought a court order to stop Gemini from operating its Gemini Earn product. Besides, Gemini co-founders Tyler Winklevoss and Cameron Winklevoss have been charged in a class-action lawsuit for allegedly violating federal laws.
AvaTrade’s new Head of Sales and Retention; Torstone’s Chief Financial Officer; Read snippets of today’s news.
Cryptocurrency exchange Gemini has announced plans to expand its operations in the Asia Pacific (APAC) region. Plans include increasing staff in Singapore, which will serve as the regional hub, and launching an engineering base in India.
“We are excited to announce our expansion plans in the Asia Pacific region as the Gemini leadership team recently visited the region on their global journey to drive the promise of cryptocurrency,” Gemini wrote in a blog post published yesterday (Monday). “Within the next 12 months, we plan to increase our employee count to 100+ in Singapore.”
Gemini said that customers in the region will be able to use Singapore dollars (SGD), Hong Kong dollars (HKD), and Australian dollars (AUD) to trade cryptocurrencies on the exchange’s platforms. The exchange started supporting SGD in 2020.
In a separate announcement, Gemini said it is building its second largest engineering center outside the United States in Gurgaon, India. The center will help advance web and mobile user experiences, focusing, among other areas, on the core fundamentals of payments and security. The company added that the center will also focus on building feature sets for the exchange’s NFT markets.
In view of this, Gemini has announced that it is actively recruiting software engineers and technical product managers in India. Furthermore, the exchange is seeking to fill other roles, including human resources, finance, compliance, and support.
Gemini marine options
Gemini’s move to cement its presence in the APAC region is part of a broader plan to establish itself outside the United States, where it has seen tight regulation. The digital asset exchange, which described APAC as a ‘big driver for the next wave of growth for cryptocurrencies’, also announced plans to open its crypto derivatives platform offshore in April.
Similar plans were announced by rival exchange Coinbase, which later opened a derivatives exchange in Bermuda. This has become a growing trend in the US after the recent crackdown on cryptocurrency exchanges by the Securities and Exchange Commission (SEC). At the beginning of the year, the securities regulator accused Gemini of selling unregistered securities.
In the case, which also mentioned now-bankrupt cryptocurrency lender Genesis, the Securities and Exchange Commission (SEC) sought a court order to stop Gemini from operating its Gemini Earn product. Besides, Gemini co-founders Tyler Winklevoss and Cameron Winklevoss have been charged in a class-action lawsuit for allegedly violating federal laws.
AvaTrade’s new Head of Sales and Retention; Torstone’s Chief Financial Officer; Read snippets of today’s news.