- The exchange plans to construct an engineering facility in Gurgaon, India.
- Pravjit Tiwana has been promoted to the position of CEO of Gemini Asia Pacific.
Cryptocurrency exchange Gemini has announced that it would open a new engineering center in India in order to take advantage of the country’s abundance of highly skilled IT professionals. The exchange is “in the midst” of constructing an engineering facility in Gurgaon, India, according to a statement released by CTO Pravjit Tiwana on April 20. It claimed to be the second-largest engineering center for the exchange, behind the United States.
Moreover, Tiwana, who was already serving as the company’s global CTO, has been promoted to the position of CEO of Gemini Asia Pacific.
Big Plans For International Growth
Tyler and Cameron Winklevoss, the founders of Gemini, said in a second statement on the same day that the exchange “has big plans for international growth this year in APAC,” with its India hub serving as a primary focal point.
Gemini claims that its India subsidiary would work on a broad range of issues, including platform compliance, data pipelines, warehousing, security, and payments in addition to developing online and mobile user experiences.
The center will also work on improving existing features for Gemini’s crypto-asset exchanges and non-fungible token (NFT) marketplaces. Gemini has advertised 18 job openings on its website, including 14 engineering posts and a regional vice president position, indicating that it is “actively hiring” in the nation.
When asked about India’s ability to produce innovative technologies, Tiwana praised the country as “a hotbed for bar-raising technology talent.” The exchange also said it would strengthen its business teams in India and Singapore to attract more institutional and individual clients in the Asia Pacific region.
This follows Gemini’s April 12 statement that it had submitted a pre-registration commitment to the Ontario Securities Commission, which oversees Canada’s financial markets.
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