The cryptocurrency exchange US-based Gemini has announced plans to tap into India’s tech talent with the creation of a new engineering center in the country..
In an April 20 statement, Gemini’s global CTO Pravjit Tiwana announced that the exchange is “in the midst” of opening an engineering center in Gurgaon, India. It will be the second largest engineering center on the exchange, behind the one in the United States.
Leading the operation will be Tiwana, who has been appointed CEO of Gemini Asia-Pacific, in addition to his role as Chief Technology Officer..
According to another statement made the same day by Gemini founders Tyler and Cameron Winklevoss, The exchange “has big international growth plans this year in APAC,” starting with its hub in India..
Gemini’s Indian division will reportedly focus on a wide range of activities. Gemini says it will develop web and mobile user experiences, support platform compliance, data pipelines, storage, security, and payments.
The center will also develop new feature sets for Gemini’s non-fungible token and crypto asset markets.:
“Products and features created at our India headquarters will be used by our retail and institutional customers in more than 70 countries.”
Gemini said it is “actively recruiting” talent in the country, with 18 open positions listed on its careers page.: 14 engineering and one regional vice president.
Tiwana recognized the talent that India possesses, stating that it is “a hotbed of technological talent that raise the bar.”
Besides, The exchange reported that it will expand its trading teams in India and Singapore, focusing on the growth of Asia-Pacific institutional and retail clients..
This development comes after Gemini announced on April 12 that it has filed a pre-registration commitment with the Ontario Securities and Exchange Commission.the regulator responsible for capital markets in Canada’s most populous province.
The pledge is a mandatory requirement for cryptocurrency exchanges wishing to conduct business in Canada and become a restricted distributor in the country..
The peer exchange Coinbase has also shown interest in further developing its business outside of the US and recently received a license to operate in Bermuda.as many in the industry are unhappy with the regulatory treatment of crypto companies.
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