Gemini Exchange Expands Singapore Hub With 100+ New Hires

Key Points:

• Gemini Exchange plans APAC expansion, with Singapore as hub of operations.
• Plans include construction of engineering base in India and hiring more than 100 employees in Singapore.
• Gemini’s expansion aims to access non-U.S. audience and avoid regulatory scrutiny, part of a wider push for global presence.

Gemini Exchange recently announced its expansion plan in the Asia-Pacific region, with Singapore as the hub of operations, including the construction of an engineering base in India.

Over the next 12 months, they plan to increase their headcount to 100+ in Singapore. Gemini’s Singapore office will serve as the hub for their larger APAC operations.

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

The expansion plans come as the U.S. authorities crack down on major U.S.-based crypto exchanges, with the SEC recently suing Coinbase and Binance for listing unregistered securities. Gemini’s push to expand globally could be a smart move to avoid regulatory scrutiny.

Gemini Foundation, a crypto derivatives exchange focused on customers outside of the U.S, is destined to be based in Singapore, according to Fortune. Gemini’s APAC expansion is part of its larger strategy to access a non-U.S. audience and drive the next wave of growth for crypto and Gemini.

“Our Singapore office will serve as a hub for our larger APAC operations. We believe that APAC will be a great driver of the next wave of growth for crypto and Gemini,” the company said in a blog post.

Gemini’s expansion plan in APAC signals the region’s potential as a driver of growth for crypto. With its plans for Singapore and India, Gemini aims to increase its presence in the region and provide seamless access to crypto for its customers.

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