Gemini, the US-based cryptocurrency exchange founded by twin brothers Tyler and Cameron Winklevoss, has announced its plans to expand operations in the Asia-Pacific (APAC) region. The company aims to drive the adoption of cryptocurrencies beyond the United States by increasing its presence in Singapore.

Gemini Sets Sights Beyond America

Gemini plans to increase its headcount to over 100 in Singapore over the next 12 months. Singapore will serve as the hub for Gemini’s larger APAC operations. The exchange already supports the Singapore dollar (SGD), Hong Kong dollar (HKD), and Australian dollar (AUD), providing greater trading options for its customers.

This move reflects Gemini’s focus on expanding beyond the US market and tapping into the fast-growing Asian market for cryptocurrency. Singapore, in particular, is a financial epicenter in Asia and has become an attractive destination for cryptocurrency companies.

Gemini’s Engineering Base in India to Strengthen APAC Presence

Gemini also plans to establish an engineering base in India to support its growth in the APAC region. India’s reputation as a global technology hub with skilled software engineers makes it an ideal location. This strategic move will allow Gemini to leverage India’s technical talent and efficiently expand its operations in the region.

The expansion in APAC is an important step for Gemini to position itself as a key player in the global cryptocurrency market. It comes at a time when cryptocurrencies are gaining mainstream acceptance and regulatory pressure is increasing.

As the industry continues to mature, exchanges like Gemini play a vital role in driving the adoption of cryptocurrencies and blockchain technology in Asia and beyond.

Featured image from Unsplash, chart from TradingView.com