June 20, 2023 at 16:46 GMTModified date: June 20, 2023 at 16:46 GMT
June 20, 2023 at 16:46 GMT

Gemini exchange adds Asia-Pacific expansion

Gemini has unveiled new expansion plans in the APAC (Asia-Pacific) region with their “global odyssey to propel the promise of crypto”.

Gemini crypto exchange. Pic: Unsplash

Gemini is venturing out again into the world with new expansion plans in the APAC (Asia-Pacific) region.

This comes after its leadership team’s recent visit to the region on their “global odyssey to propel the promise of crypto”.

The company is looking forward to hiring 100+ employees in Singapore over the course of the next 12 months. Singapore will also act as a hub for its larger APAC operations. The expansion plan includes an engineering base in India too. The products and features built in here will be used by Gemini’s retail and institutional customers in 70+ countries.

Customers throughout APAC can buy, sell, and store dozens of cryptos, with their funds secured by what Gemini calls the “world-class security and storage systems”. The exchange had launched support for the Singapore dollar (SGD) in December 2020, which provided seamless access to crypto for Singapore residents. Gemini also supports the Hong Kong dollar (HKD) and the Australian dollar (AUD).

While the official date for the start of its expansion has not been revealed yet, Gemini has clearly highlighted its plans to diversify the customer base.

As regulatory watchdogs in the US intensify regulations and lawsuits against cryptocurrency exchanges in the country, Gemini seems to be committed to implementing its international vision in what it calls the “next wave of growth for crypto”. In addition, it recently chose Ireland for its new European HQ.