Last Updated on April 21, 2023 by Bitfinsider
Gemini, the crypto exchange established by Cameron and Tyler Winklevoss, has appointed a new chief executive officer for Asia-Pacific (APAC) and aims to open its first office in India as part of its “big plans” in the area.
Pravjit Tiwana, Gemini’s worldwide chief technology officer, has been promoted to APAC CEO, the Winklevoss brothers said in a blog post shared with Bitfinsider. Tiwana will drive Gemini’s new product launches from the area and maintain financial stability as APAC CEO.
“Gemini has big plans for international growth this year in APAC,” Winklevi explained. “Initially, this will entail establishing product and engineering teams in India.” We will also be extending our business teams in both India and Singapore in order to carry out GTM [go-to-market] initiatives aimed at increasing our individual and institutional client base in this area.”
The announcement comes less than a month after allegations that Gemini is planning to build an international derivatives market to provide perpetual futures. According to a person acquainted with the situation, the new derivatives platform will debut from APAC.
As the country’s regulators look to be unfriendly to the crypto business, a number of US-based crypto platforms are focused on accessing international markets. Gemini competitor Coinbase said earlier this week that it had secured a license to operate in Bermuda. A person familiar with the subject told Bitfinsider at the time that Coinbase may open a futures exchange in the British Overseas Territory as soon as next week.
Gemini is building an office in Gurgaon, a city located southwest of New Delhi, as part of its APAC expansion aspirations. The facility will be Gemini’s second largest engineering center after the United States, and will complement the business’s current locations in the United States, the United Kingdom, Ireland, and Singapore, according to the company.
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