US-based cryptocurrency exchange Gemini has announced the establishment of a new engineering center in India with plans to tap into the country's tech talent pool.
On a April 20 statementToday, Gemini's global CTO Pravjit Tiwana announced that Gemini is "halfway through" opening an engineering center in Gurgaon, India. He said it will be the exchange's second-largest engineering center behind its US center.
Leading the operation will be Tiwana, who has been appointed as CEO of Gemini Asia Pacific, in addition to his role as global chief technology officer.
According to a separate statement made by the founders of Gemini Tyler and Cameron Winklevoss On the same day, the exchange "has big plans for international growth this year in APAC," starting with its India hub.
Gemini's India arm will apparently focus on a broad scope, with Gemini saying it will develop web and mobile user experiences, help with platform compliance, data pipelines, storage, security and payments.
The center will also develop new feature sets for Gemini's non-fungible tokens (NFTs) and crypto-asset marketplaces, he noted:
"Our retail and institutional customers in more than 70 countries will use the products and features built at our India location."
Gemini said it is "actively hiring" talent in the country, its careers page listing 18 positions, 14 of which are engineering positions and one is seeking a regional vice president.
Tiwana acknowledged the talent India possesses, saying it is "a hotbed for technological talent that raises the bar."
Additionally, the exchange reported that it will be expanding its trading teams in India and Singapore with a focus on growing Asia Pacific-based institutional and individual clients.
Related: Gemini and Genesis legal troubles could further shake up the industry
This development follows Gemini's recent announcement on April 12 that it has submitted a pre-registration engagement with the Ontario Securities and Exchange Commission, the regulator responsible for capital markets in Canada's most populous province.
The pledge is a mandatory requirement for cryptocurrency exchanges seeking to conduct business in Canada and become a restricted trader in the country.
The Coinbase peer-to-peer exchange has also stated interest in building more of its business outside of the US and recently received a license operate in Bermuda, as many in the industry are dissatisfaction with regulatory treatment of crypto companies.
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