Gemini, a US-based cryptocurrency exchange, has announced plans to set up an engineering center in Gurgaon, India, leveraging the country’s wealth of top tech talent.
In an April 20 statement, Gemini’s Global CTO, Pravjit Tiwana, revealed that the exchange is currently opening its new engineering hub in Gurgaon. This center will be Gemini’s second-largest engineering hub, following its primary hub in the United States. Tiwana, who has been appointed CEO of Gemini Asia Pacific in addition to his role as Global CTO, will oversee the operation.
Expanding into the Asia Pacific Market
Gemini’s founders, Tyler and Cameron Winklevoss, stated in a separate announcement on the same day that the exchange has ambitious plans for international growth in the Asia Pacific region this year, starting with its new India hub. The India-based team will work on a variety of tasks, including developing web and mobile user experiences, platform compliance, data pipelines, warehousing, security, and payments.
Additionally, the hub will focus on creating new feature sets for Gemini’s nonfungible token (NFT) and crypto asset marketplaces. Products and features developed in the India location will be used by the exchange’s retail and institutional customers in over 70 countries.
Actively Hiring in India
Gemini is actively recruiting talent in India, with its careers page listing 18 roles, 14 of which are engineering positions, and one seeking a regional vice president. Tiwana acknowledged India’s potential, describing it as “a hotbed for bar-raising technology talent.” The exchange also plans to expand its business teams in India and Singapore, concentrating on growing its customer base in the Asia Pacific region.
This announcement comes shortly after Gemini revealed on April 12 that it had filed a pre-registration undertaking with the Ontario Securities Commission, Canada’s capital markets regulator. This undertaking is a required step for cryptocurrency exchanges looking to conduct business in Canada and become a restricted dealer in the country.
Similar moves have been made by other exchanges, like Coinbase, which recently received a license to operate in Bermuda, signaling an increasing interest in building businesses outside of the U.S. due to regulatory concerns.
