Cryptocurrency exchange Gemini has announced plans to
expand its operations in the Asia-Pacific (APAC) region. The plans include increasing staff members 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 APAC as Gemini’s leadership team recently visited the
region on their global odyssey to propel the promise of crypto,” Gemini
wrote in a blog post published yesterday (Monday). “Over the next 12 months, we plan to
increase our headcount to 100+ in Singapore.”
Customers in the region would be able to use the
Singapore dollar (SGD), Hong Kong dollar (HKD) and Australian dollar (AUD) to
trade cryptocurrencies on the exchange’s platforms, Gemini said. The exchange started supporting the SGD in 2020.
In a separate
announcement, Gemini said it was building its second-largest engineering hub
outside of the US in Gurgaon, India. The hub would help in the development of web
and mobile user experiences, focusing on, among other areas, the core fundamentals
of payments and security. The company added that hub would also focus on building
feature sets for the exchange’s NFT marketplaces.
In light of the same, Gemini announced that it was actively hiring software
engineers and technical product managers in India. Moreover, the exchange is seeking to
fill other roles, including those in human resources, finance, compliance, and
support.
Gemini’s Offshore Options
Gemini’s step to
strengthen its presence in the APAC region is part of a wider plan to establish
itself outside the US, where there has seen heightened regulatory actions. The digital asset exchange, which termed APAC as a ‘great
driver of the next wave of growth for crypto’, also announced plans to open
a 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 following the recent crackdown on cryptocurrency exchanges by the Securities and
Exchange Commission (SEC). At the
beginning of the year, the securities regulator charged
Gemini for allegedly
selling unregistered securities.
In the case, which also
mentioned the now-bankrupt cryptocurrency lender, Genesis, the SEC sought
a court order to have Gemini stopped from operating its Gemini Earn product. Besides
that, Gemini’s Co-Founders, Tyler Winklevoss and Cameron Winklevoss, were
charged in a class
action lawsuit for
allegedly violating federal laws.
AvaTrade’s new Sales and Retention Head; Torstone’s CFO; read today’s news nuggets.
Cryptocurrency exchange Gemini has announced plans to
expand its operations in the Asia-Pacific (APAC) region. The plans include increasing staff members 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 APAC as Gemini’s leadership team recently visited the
region on their global odyssey to propel the promise of crypto,” Gemini
wrote in a blog post published yesterday (Monday). “Over the next 12 months, we plan to
increase our headcount to 100+ in Singapore.”
Customers in the region would be able to use the
Singapore dollar (SGD), Hong Kong dollar (HKD) and Australian dollar (AUD) to
trade cryptocurrencies on the exchange’s platforms, Gemini said. The exchange started supporting the SGD in 2020.
In a separate
announcement, Gemini said it was building its second-largest engineering hub
outside of the US in Gurgaon, India. The hub would help in the development of web
and mobile user experiences, focusing on, among other areas, the core fundamentals
of payments and security. The company added that hub would also focus on building
feature sets for the exchange’s NFT marketplaces.
In light of the same, Gemini announced that it was actively hiring software
engineers and technical product managers in India. Moreover, the exchange is seeking to
fill other roles, including those in human resources, finance, compliance, and
support.
Gemini’s Offshore Options
Gemini’s step to
strengthen its presence in the APAC region is part of a wider plan to establish
itself outside the US, where there has seen heightened regulatory actions. The digital asset exchange, which termed APAC as a ‘great
driver of the next wave of growth for crypto’, also announced plans to open
a 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 following the recent crackdown on cryptocurrency exchanges by the Securities and
Exchange Commission (SEC). At the
beginning of the year, the securities regulator charged
Gemini for allegedly
selling unregistered securities.
In the case, which also
mentioned the now-bankrupt cryptocurrency lender, Genesis, the SEC sought
a court order to have Gemini stopped from operating its Gemini Earn product. Besides
that, Gemini’s Co-Founders, Tyler Winklevoss and Cameron Winklevoss, were
charged in a class
action lawsuit for
allegedly violating federal laws.
AvaTrade’s new Sales and Retention Head; Torstone’s CFO; read today’s news nuggets.
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- Source: https://www.financemagnates.com//cryptocurrency/gemini-expands-apac-operations-with-new-hires-and-engineering-hub/
