Gemini opens engineering base in India, ups Singapore headcount to +100
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, today revealed plans to expand its operations in the rapidly growing market of Asia-Pacific (APAC).
In a blog post, the US-headquartered platform said it intends to ramp up its workforce at the Singapore office, aiming to increase its headcount to over 100 employees. Additionally, Gemini will establish an engineering base in India as part of its APAC expansion strategy.
Gemini hinted that even more significant plans for expansion in APAC over the next 12 months, suggesting that this move is just the beginning of their ambitious endeavors. With this move, Gemini aims to tap into the immense potential of the APAC market and capitalize on the increasing demand for cryptocurrency services in the region.
“Our Singapore office will serve as a hub for our larger APAC operations. We believe that APAC will be a great driver of the next wave of growth for crypto and Gemini. In December 2020, Gemini launched support for the Singapore dollar (SGD), providing seamless access to crypto for Singapore residents. Gemini also supports the Hong Kong dollar (HKD) and the Australian dollar (AUD). Our customers throughout APAC can buy, sell, and store dozens of cryptos, with their funds secured by world-class security and storage systems,” Gemini wrote.
Gemini said last month it selected Ireland as its new European headquarters. This decision was announced subsequent to a meeting between the Winklevoss brothers, Irish Prime Minister Leo Varadkar, and representatives from the Industrial Development Agency (IDA), which oversees foreign investment in Ireland.
The US-based firm cited its favorable perspective on the regulatory landscape in Ireland, along with the abundant pool of talented individuals in technology and innovation in the capital city, as well as its vibrant startup ecosystem, as significant factors that influenced the decision to choose the Irish capital as the base for their European operations.
Gemini is also pursuing a digital-asset license in the United Arab Emirates (UAE). Citing concerns over regulatory hostility and a lack of clarity in the United States, Gemini aims to initiate the licensing process in the UAE in the near future.
Part of its global odyssey tour, Gemini team has engaged with stakeholders in the region to gain insights into local regulatory requirements and understand the needs of UAE crypto investors.