- The company plans to hire more than 100 employees
- This decision is part of a plan to attract users outside the United States
Gemini Exchange announced plans to expand its office in Singapore. After exiting the United States market, the company is focused on the Asia-Pacific region. We already know that over the next 12 months Gemini plans to expand their team in Singapore, which will be a key hub for their operations in the Asia-Pacific region, to over 100 employees. In addition, the company also plans to open an engineering base in India.
“We are pleased to announce our expansion plans in the Asia Pacific region.. Gemini executives recently visited the region on their global journey to deepen their understanding of the potential of cryptocurrencies. Our Singapore office will be the hub for our expanded operations in the Asia-Pacific region. We believe this region will be an important catalyst for the next wave of cryptocurrency growth and Gemini will play an important role in it,” the company said in a statement.
In addition, Gemini is already actively working on opening an engineering center in Gurgaon, India.. The company is actively recruiting, particularly software engineers and technical product managers, with the goal of making it the second-largest center after the United States.
Gemini is far from the first company to recently expand its presence in Singapore. Circle and Crypto.com received licenses in the country earlier this month, and Coinbase previously launched a large suite of crypto products in the region.
In the beginning of the month, Circle and Crypto.com received licenses in the country, and Coinbase launched a large suite of crypto products in the region.