Gemini Crypto Exchange Sets Up Office in Gurugram, Plans to Expand Work With Indian Engineers: Report

Gemini is reportedly planning to make India its second largest Web3 engineering hub.

Written by Radhika Parashar, Edited by David Delima | Updated: 21 April 2023 13:06 IST

Gemini Crypto Exchange Sets Up Office in Gurugram, Plans to Expand Work With Indian Engineers: Report

Photo Credit: Pexels/ Deepak Bhandari

Gemini crypto exchange was launched in 2014

Highlights

Gemini allows buying, selling, storing, staking of cryptocurrency
The firm is reportedly hiring in India for Web3, NFT initiatives
Gemini aims to onboard Indian engineering talent for its company

Gemini, a US-based crypto exchange, is gearing up to work with Indian engineering talent as it expands its presence in Asia, according to a report. The company has reportedly set up an office in Gurugram and is actively scouting to onboard software developers and technical product heads from India. These new hires will work on Web3, decentralised finance (DeFi), Non-Fungible Tokens (NFT), and Decentralised Autonomous Organisations (DAO) technologies. In recent years, several crypto firms including Coinbase and Algorand have been moving their focus on getting Indian developers to join their teams.

Gemini is planning to make India its second largest hub for engineering, according to a TechAsia report. Pravjit Tiwana has reportedly been appointed as the CEO for Gemini's Asia-Pacific (APAC) operations. he was previously global chief technology officer (CTO) at the crypto exchange.

As part of his responsibilities, Tiwana will handle Gemini's products and services in the APAC region, as per the report. Along with India, Gemini is also looking to expand its services in Singapore. After surviving last year's crypto winter, Gemini found itself in a cash-crunch. At the time, its founders Tyler Winklevoss and Cameron Winklevoss invested $100 million (roughly Rs. 820 crore) of their own funds.

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Asian nations like India, China, Japan, and South Korea are witnessing massive interest from Web3 firms. Recently, Bitget, a Seychelles-based crypto exchange, launched a Web3 fund worth $100 million (roughly Rs. 819 crore) in Asia.

While Japan is being touted as a crucial market for the Web3 gaming sector, India is being looked at for its diverse workforce of young engineers. The country is projected to produce over five million software engineers this year.

In 2022, Coinbase chief Brian Armstrong visited India to pitch jobs in the sector to engineers studying in top colleges and universities in the country.

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Earlier this month, Anil Kakani, the Vice President and the India Country Head at Algorand Foundation told Gadgets 360 that onboarding as many Indian developers as possible onto the Web3 wagon is crucial for the development of the sector.

Apple is opening its first stores in India, one in Mumbai and the other in Delhi. What does this mean for Apple customers in India? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

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Further reading: Cryptocurrency, Gemini, Crypto Exchange, Web3

Radhika Parashar

Email Radhika

Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More