In a bid to expand institutional and individual customers in Asia Pacific, Gemini crypto exchange is making plans to establish a new engineering center in Gurgaon, India.
Gemini’s global chief technology officer, Pravjit Tiwana, announced on April 20 that the exchange is “in the midst” of establishing an engineering center in Gurgaon, India. It was reportedly the exchange’s second-largest engineering center after its U.S. hub.
Tiwana, who has been appointed CEO of Gemini Asia Pacific in addition to his duty as a global chief technology officer, will lead the operation.
According to a separate statement released on the same day by Gemini founders Tyler and Cameron Winklevoss, the exchange “has big plans for international growth this year in APAC,” beginning with its India hub.
Gemini’s India subsidiary will develop web and mobile user experiences and contribute to platform compliance, data pipelines, warehousing, security, and payments, according to Gemini.
According to the announcement, the center will develop new features for Gemini’s nonfungible token and crypto asset marketplaces.
“The products and features built in our India location will be used by our retail and institutional customers in 70+ countries.”
Gemini stated that it is “actively hiring” talent in the country, and its careers page lists 18 open positions, including 14 engineering positions and one regional vice president position.
Tiwana acknowledged India’s aptitude, stating it is “a hotbed of cutting-edge technology talent.” In addition, the exchange announced that it would extend its business teams in India and Singapore, focusing on expanding institutional and individual customers in Asia Pacific.
This development follows Gemini’s announcement on April 12 that it has lodged a pre-registration undertaking with the Ontario Securities Commission, the Canadian province with the most populous capital markets.
The agreement is a requirement for cryptocurrency exchanges that wish to conduct business in Canada and become restricted dealers in the country.
Peer exchange Many in the industry are dissatisfied with the regulatory treatment of cryptocurrency firms, and Coinbase has recently received a license to operate in Bermuda. Coinbase has also expressed interest in expanding its business outside the United States.
