United States-based cryptocurrency exchange Gemini is gearing up for a significant expansion into the Asia-Pacific region with the establishment of a new engineering hub in India and the appointment of a regional CEO. The exchange aims to capitalize on India’s vast pool of tech talent as it drives forward with ambitious plans for international growth.
On April 20, Gemini’s Global Chief Technology Officer, Pravjit Tiwana, announced that the exchange is in the process of opening an engineering center in Gurgaon, India. The new hub is set to become Gemini’s second-largest engineering facility, trailing only its US-based counterpart. Tiwana will head up the operation as the newly appointed CEO of Gemini Asia Pacific, overseeing the exchange’s regional growth strategy.
According to statements made by Gemini founders Tyler and Cameron Winklevoss, the exchange’s expansion into the Asia-Pacific region is just the beginning of its broader international growth plans. The establishment of the Indian engineering hub signifies the first step in Gemini’s ambitious push into the APAC market.
The new Gemini facility in India will focus on a wide range of responsibilities, including the development of web and mobile user experiences, platform compliance, data pipelines, warehousing, security, and payments. Additionally, the hub will work on new feature sets for Gemini’s nonfungible token (NFT) and crypto asset marketplaces.
Gemini is actively hiring talent in India, with 18 open roles listed on its careers page. These positions include 14 engineering roles and one position for a regional vice president. Tiwana acknowledged the country’s wealth of technology talent, describing India as a “hotbed for bar-raising technology talent.”
Beyond the engineering hub, Gemini plans to expand its business teams in India and Singapore, focusing on attracting institutional and individual customers in the Asia Pacific region. The move to establish an engineering hub in India comes after Gemini’s recent announcement that it filed a pre-registration undertaking with the Ontario Securities Commission in Canada. This undertaking is a mandatory requirement for cryptocurrency exchanges seeking to operate as a restricted dealer in the country.
Gemini’s push into international markets mirrors the efforts of other major cryptocurrency exchanges like Coinbase, which has also signaled its intention to build more of its business outside the United States. Coinbase recently obtained a license to operate in Bermuda as industry players grow increasingly dissatisfied with the regulatory treatment of crypto firms in the US.
As Gemini sets its sights on the Asia-Pacific region, it’s clear that the exchange is committed to diversifying its presence in the global cryptocurrency market. The establishment of the new engineering hub in India and the appointment of a regional CEO signal the beginning of an exciting new chapter for the company.