- The company plans to hire more than 100 workers
- This decision is part of a plan to attract users outside the US
Gemini Exchange announced on plans to expand its office in Singapore. After exiting the United States market, the company is focusing on the Asia-Pacific region. It is already known that in the next 12 months, Gemini plans to expand its team in Singapore, which will become a key hub for their activities in the Asia-Pacific region, to more than 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. Recently, Gemini management visited the region during their global journey to deepen their understanding of the potential of cryptocurrencies. Our office in Singapore 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 hiring staff, including software engineers and technical product managers, with the goal of making the center the second largest after the US.
Gemini is far from the first company to recently expand its footprint in Singapore. At the beginning of the month, Circle and Crypto.com received licenses in the country, and earlier Coinbase launched a large package of crypto products in the region.