Gemini Sets up Shop in India, Aims Expansion in Asia
- Crypto exchange Gemini has announced that it is working to establish an office in Gurgaon, India, in an attempt to expand operations in Asia.
- This will be the second office of the crypto exchange in Asia, along with Singapore, and will be the second-largest engineering hub after the American office.
- Gemini is currently hiring for various engineering roles in India, along with other key positions in the HR, finance, support, and compliance departments.
- All the products developed by Gemini in India will be used by retail and institutional customers of the crypto exchange in more than 70 countries.
American crypto exchange Gemini, founded by twins Cameron and Tyler Winklevoss, has set its sights on expanding its presence in Asia, a region that is deemed by many as the future innovation ground for the Web3 and crypto industries. As the regulatory climate in the United States surrounding crypto firms has changed from bad to worse, crypto companies are setting up shop outside the country in an attempt to continue their operations without regulatory hindrances.
According to an announcement from Gemini crypto exchange, the exchange will establish a new office in Gurgaon, India, in an attempt to capitalize on the engineering potential in the country. This marks the exchange’s second office in Asia after Singapore. The Asia-Pacific region is of great interest to many crypto exchanges like Binance and firms like Ripple, all of which have plans to bring operations to Asian countries.
“As a company, we have deep respect and admiration for India’s tradition of engineering excellence and view India as a hotbed for bar-raising technology talent,” said Gemini while adding:
“Right now, we are in the midst of opening our engineering center in Gurgaon, India, and are actively hiring in the region. Our Gurgaon office will be the second largest Gemini engineering hub behind the United States and complements our existing offices in the United States, the United Kingdom, Ireland, and Singapore.”
Gemini is currently hiring for various roles in the country, as visible from the job listings page on the official website of the exchange. The roles include a VP for the exchange’s Indian office along with numerous engineering roles like Data Engineer, Frontend Engineer, and Associated Engineer.
The firm added that its engineering, design, and operations teams in India will make “significant contributions to the development of our next-generation web and mobile user experiences, core platform fundamentals in the areas of compliance, data pipelines and warehousing, security, and payments, along with building new feature sets for our NFT and crypto asset marketplaces.”
More importantly, all the products developed by Gemini in India will be used by retail and institutional customers of the crypto exchange in more than 70 countries. As a result, the firm is also hiring people for key roles (like human resources and talent acquisition, finance, support, and compliance) who can work from our Gurgaon office.
“Although past experience in Web3 and crypto technologies is not a prerequisite, we are seeking builders who are inspired to learn quickly and work on cutting-edge technologies like DeFi, NFTs, DAOs, and Web3,” said the newly appointed CEO of Gemini Asia-Pacific, Pravjit Tiwana.
It is crucial to note that crypto companies are leaving the United States because of the unfavorable conditions in the country and the treatment of crypto firms by the Securities and Exchange Commission (SEC) under the leadership of Gary Gensler.
On the other hand, the CEO of the largest exchange in the country, Coinbase, Brian Armstrong, has expressed interest in leaving the US and setting up shop in the United Kingdom. As reported earlier by Bitnation, Gemini is also attempting to get registered as a crypto broker in Canada and be licensed to provide its services to the citizens of the country. The firm filed a pre-registration undertaking with the Ontario Securities Commission for the same.
A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. Parth has worked with major media outlets in the crypto and finance world and has gained experience and expertise in crypto culture after surviving bear and bull markets over the years.
