Gemini Crypto Exchange Sets Up Office in Gurugram, Plans to Expand Collaboration with Indian Engineers: Report
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 is said to have set up an office in Gurugram and is actively seeking Indian embedded software developers and technical product managers. These new recruits will work on Web3, Decentralized Finance (DeFi), Non-Fungible Tokens (NFT) and Decentralized Autonomous Organizations (DAO) technologies. In recent years, several crypto companies, including Coinbase and Algorand, have focused on integrating Indian developers into their teams.
Gemini plans to make India its second-biggest hub for engineering, according to a TechAsia report. Pravjit Tiwana has reportedly been named CEO of Gemini’s Asia-Pacific (APAC) operations. he was previously global chief technology officer (CTO) at the crypto exchange.
As part of her responsibilities, Tiwana will manage Gemini’s products and services in the APAC region, according to the report. Apart from India, Gemini is also looking to expand its services to 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 (about Rs. 820 crore) of their own funds.
Asian countries like India, China, Japan and South Korea are seeing massive interest from Web3 companies. Recently, Bitget, a Seychelles-based crypto exchange, launched a Web3 fund worth $100 million (roughly Rs. 819 crore) in Asia.
While Japan is touted as a crucial market for the Web3 games industry, India is sought after for its diverse workforce of young engineers. The country is expected to produce more than five million software engineers this year.
In 2022, Coinbase chief Brian Armstrong traveled to India to offer industry jobs to engineers studying at top colleges and universities in the country.
Earlier this month, Anil Kakani, vice president and country lead for India at the Algorand Foundation, told Gadgets 360 that bringing as many Indian developers as possible onto the Web3 wagon is crucial for the sector development.
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