Gemini Expands Trade Across APAC: Singapore Office Widens

The American cryptocurrency company Gemini Trust Company announced its decision to expand its office in Singapore by hiring more than 100 employees, with the intention to flourish its trade in the Asia Pacific region. As per the announcement, the office would serve as a hub for the “larger APAC operations”.

In a series of tweets posted on June 20, Gemini proclaimed its wider plans of establishing its services across Asia-Pacific:

The platform believes, “APAC will be a great driver of the next wave of growth for crypto and Gemini” and asserted that Gemini’s decision to expand its services in APAC (Asia-Pacific) followed its team’s visit to the region. Gemini’s leadership team realized that the region bestows promising opportunities for crypto.

In addition to the expansion of the Singapore office, Gemini is already on its way to opening an engineering center in Gurgaon, India. In a recently published blog post, Gemini shared its determination to “unlock the next era of financial, creative, and personal freedom with crypto and Web3 innovation”.

Gemini asserted that the company services in Gurgaon would be made available for retail and institutional customers in more than 70 countries. The blog post quoted:

Our engineering, design, and operations teams in India will make significant contributions to the development of our next-generation web and mobile user experiences, core platform fundamentals in the area of compliance, data pipelines and warehousing, security, and payments, along with building new feature sets for our NFT and crypto asset marketplaces.

Previously, in April, Gemini announced the launch of Gemini Foundation, a noun-US crypto derivative platform, as part of its journey towards accessing a non-US crypto audience. The platform’s move came following the US regulator’s increasing scrutiny over crypto.