The crypto exchange Geminibased in New York, is set to expand its reach to Asia-Pacific (APAC) with the establishment of an engineering center in Gurgaon, India, and the appointment of a regional general manager, Pravijt Tiwana. The scholarship aims to develop its international activities and capitalize on growing demand for cryptocurrencies and web3 products in Asia, according to a company statement.
The decision to Gemini comes as the company seeks to strengthen its position in the APAC region, which has been identified as one of the largest cryptocurrency markets in the world. With Tiwana at the head of the APAC branch, theexchange will focus on launching and expanding region-specific products and services, while building product and engineering teams in India and expanding its business in the country, as well as in Singapore.
Gemini’s expansion follows in the footsteps of Coinbase, which hinted at the beginning of the week that it intends to set up in Bermuda and Abu Dhabi. A few days ago, Gemini thanked Canada for facilitating the international expansion of the exchange which seems, like many of its peers, to try to move away from the lack of clarity on American regulations.
Geminiwhich belongs to the first Bitcoin billionaires Cameron and Tyler Winklevosswas charged by the DRY earlier this year of violating securities laws through its crypto lending program, alongside the financial services firm Genesis. SEC says breaches involved billions of dollars worth of cryptocurrencies”primarily from US retail investors“.
The two brothers do not hesitate to express their frustration on social networks about the unstable regulations in the United States.
Gemini has big plans for international growth this year in the APAC region. We believe that cryptocurrencies and products web3 will continue to have a strong growth trajectory in APAC
Cameron and Tyler Winklevoss
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