US-based cryptocurrency exchange Gemini has announced plans to tap India's top tech talent pool by establishing a new engineering center in the country. In a statement on April 20, Gemini's global chief technology officer Pravjit Tiwana announced that the “in progress ” opening an engineering center in Gurgaon, India. It said it would become the exchange's second-largest engineering center after its US center.
Leading the business will be Tiwana, who has been named CEO of Gemini Asia Pacific in addition to his global CTO role. According to a separate statement from Gemini founders Tyler and Cameron Winklevoss on the same day, the exchange has "big plans for international growth in the Asia-Pacific region this year," starting with its India hub.
Gemini's India arm appears to be focusing on a broad remit, with Gemini saying it will develop web and mobile user experience, contributing to platform compliance, data plumbing, warehousing, security and payments. The hub will also develop new feature sets for Gemini's non- fungible token and cryptoasset marketplace, it noted: "Products and features built in our India facility will be used by retail and institutional customers in more than 70 countries."
Gemini says it's "actively hiring" in the country, with its careers page listing 18 open positions 14 engineering and one regional vice president.
Tiwana acknowledged the talent India has, calling it a "hotbed for upskilling talent". In addition, the exchange reported that it will expand its business teams in India and Singapore, with a focus on developing institutional and individual clients in the Asia-Pacific region The development comes after Gemini announced on April 12 that it had filed a pre-registration undertaking with the Ontario Securities Commission, the regulator responsible for capital markets in Canada's most populous province.
The pledge is mandatory for cryptocurrency exchanges seeking to do business in Canada and become a restricted trader in the country. Peer exchange Coinbase has also expressed interest in establishing more operations outside the US, and recently received a license to operate in Bermionuda, amid dissatisfaction Many in the industry with the regulatory treatment of crypto firms.
