Key takeaways:
- Gemini claims that the scale of its new engineering hub in India will be second only to that of its hub in the US.
- Gemini Asia Pacific’s new CEO, Pravjit Tiwana, will oversee the company’s expansion in Singapore and India.
Gemini, a cryptocurrency exchange based in the US, has announced plans to open a new engineering center in India in order to access the nation’s talent pool of top tech professionals.
Gemini’s global chief technology officer, Pravjit Tiwana, revealed the exchange is “in the midst” of establishing an engineering center in Gurgaon, India, in a statement on April 20. After its hub in the United States, it was stated to be the exchange’s second-largest engineering hub. Tiwana, who has been named the CEO of Gemini Asia Pacific in addition to his position as a global chief technology officer, will be in charge of running the business.
Tyler and Cameron Winklevoss, the brothers who founded Gemini, said in a separate statement that same day that the exchange has great plans for international growth this year in APAC, beginning with its India center.
According to Gemini, its India division would create web and mobile user experiences and contribute to platform compliance, data pipelines, warehousing, security, and payments, among other things. Additionally, the hub would create new feature sets for the nonfungible token and crypto asset marketplaces at Gemini, it was stated:
“The products and features built in our India location will be used by our retail and institutional customers in 70+ countries.”
On its careers page, Gemini listed 18 available opportunities, including 14 engineering positions and one for a regional vice president. The company claims to be “actively hiring” talent throughout the nation. Tiwana recognized India’s talent, calling it “a hotbed for bar-raising technology talent.”
The exchange also disclosed that it would increase the size of its business teams in Singapore and India with a view to attracting more institutional and private clients from the Asia Pacific region.
Gemini’s bold aspirations to enter the Asian market, built on a solid basis in India, show the exchange’s dedication to innovation and global growth.
This change comes after Gemini revealed on April 12 that it had submitted a pre-registration undertaking to the Ontario Securities Commission, which oversees the capital markets in the most populous province in Canada. For bitcoin exchanges looking to operate in Canada and apply to be a restricted dealer there, the undertaking is a condition that must be met.
