Gemini Charts APAC Expansion: Singapore to be Crypto Hub

Gemini Charts APAC Expansion: Singapore to be Crypto Hub

Time Stamp: June 20, 2023 10:02 AM
Source Node: 2140651
  1. Gemini announced expansion plans in the Asia Pacific region, with Singapore serving as a hub for larger APAC operations.
  2. The crypto exchange plans to increase its headcount to over 100 in Singapore and continue growing its engineering base in India.
  3. Amid increasing regulatory pressure in the US, Gemini is focusing on expansion in APAC, eyeing it as a driver for the next crypto growth wave.

Gemini, a leading crypto exchange, recently revealed ambitious plans for expansion in the Asia-Pacific (APAC) region. With Singapore slated to serve as a hub for its larger operations, the move signals a promising shift in Gemini’s global strategy.

Gemini’s leadership team has been on a global odyssey, exploring the potential of various regions to propel the promise of cryptocurrency. Their sights are now set on APAC, as they believe it will be a significant driver of the next growth wave for crypto and Gemini. As part of these plans, Gemini intends to increase its Singapore headcount to over 100 in the next 12 months, while also expanding its engineering base in India.

The move comes at a time when regulatory pressure in the US is mounting. In response, Gemini is strategically expanding into regions with favorable regulatory landscapes for crypto enterprises. In April, the crypto exchange launched the Gemini Foundation, a non-US crypto derivatives platform not accessible to US customers, signaling a shift in their expansion strategy.

Gemini’s international vision is committed to unlocking the next era of financial, creative, and personal freedom for all through cryptocurrency. This APAC expansion is seen as a significant step toward realizing that vision.

Looking forward, Gemini’s future is filled with potential. With this strategic expansion into APAC, Gemini is well-poised to tap into the region’s burgeoning crypto market, paving the way for new opportunities and solidifying its foothold as a leader in the crypto world.

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Antonella is a cryptocurrency and news writer who travels the world, finding inspiration in diverse cultures. She cherishes moments sitting on the beach, watching sunsets. Through her writing, Antonella explores the dynamic realm of cryptocurrency and delivers insightful news. Her work encapsulates both the excitement of finance and the serenity of nature’s beauty.

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