Gemini has ‘BIG plans’ for Asia, including an India hub and a regional CEO.

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By Degen Lipsa

According to the Gemini, its new Indian engineering hub would be the second largest after its hub in the United States.

Gemini, a cryptocurrency exchange located in the United States, has announced the construction of a new engineering centre in India, with hopes to tap into the country’s supply of top tech talent.

Gemini’s Global CTO Pravjit Tiwana revealed on April 20 that the company is “in the midst” of constructing an engineering centre in Gurgaon, India. It stated that it will be the exchange’s second-largest engineering hub, after only its hub in the United States.

Tiwana, who has been named CEO of Gemini Asia Pacific in addition to his role as global CTO, will lead the operation.

On the same day, Gemini’s founders Tyler and Cameron Winklevoss announced that the exchange “has big plans for international growth this year in APAC,” beginning with its India centre.

source- gemini.com

Gemini’s India arm appears to have a broad mandate, with Gemini stating that it will design web and mobile user experiences, as well as contribute to platform compliance, data pipelines, warehousing, security, and payments.

The hub will also create new feature sets for Gemini’s nonfungible token (NFT) and crypto asset marketplaces, according to the announcement:

“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 shows 18 positions, 14 of which are engineering positions and one for a regional vice president.

Tiwana highlighted India’s talent, calling it “a hotbed for bar-raising technology talent.”

The exchange also announced that it will expand its business teams in India and Singapore, with a focus on expanding Asia Pacific-based institutional and individual consumers.

This follows Gemini’s recent announcement on April 12 that it had submitted a pre-registration undertaking with the Ontario Securities Commission, the regulator in charge of Canada’s most populous province’s capital markets.

The commitment is a prerequisite for bitcoin exchanges who want to do business in Canada and become a restricted dealer there.

Interaction between peers Coinbase has also expressed interest in expanding its operations outside of the United States, and it recently got a licence to operate in Bermuda, since many in the industry are dissatisfied with the regulatory handling of crypto enterprises.

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