GUGAON, INDIA — Gemini, a leading cryptocurrency exchange and custodian, announced today that it plans to open a new engineering center in Gurgaon, India. The move is part of the company’s efforts to accelerate the development of its products and services and expand its global presence.

The company views India as a strategic location to tap into this talent pool and leverage the country’s tradition of engineering excellence to further advance its mission, according to a statement released by Pravjit Tiwana, Gemini’s CEO of Asia Pacific and Global CTO.

“At Gemini, we are determined to unlock the next era of financial, creative, and personal freedom with crypto and Web3 innovation,” Tiwana said.

“To advance our mission, we must continue to invest in and accelerate the development of products and services used by millions of our customers worldwide.”

Gemini’s Gurgaon office will be its second largest engineering hub and will complement its existing offices in the United Kingdom, Ireland, and Singapore.

Earlier this week, U.S. based exchange, Coinbase, announced they would begin operations in Bermuda.

The move follows CEO Brian Armstrong’s statement earlier this week, in which he expressed concerns about the lack of regulatory clarity in the US and the SEC’s apparent hostility towards the emerging digital asset industry.

Meanwhile, Gemini has already been targeted by the SEC for violating securities laws through its Gemini Earn program.

Gemini’s CEO of Asia Pacific Tiwana emphasized that past experience in Web3 and crypto technologies is not a prerequisite for joining the company. Instead, Gemini is seeking builders who are inspired to learn quickly and work on cutting-edge technologies like DeFi, NFTs, DAOs, and Web3.

“Although past experience in Web3 and crypto technologies is not a prerequisite, we are seeking builders who are inspired to learn quickly and work on cutting-edge technologies like DeFi, NFTs, DAOs, and Web3. If you are interested in learning more and applying for our open positions, please visit our India careers page.”

Gemini’s decision to open an engineering center in Gurgaon, India, is a strategic move that will accelerate the development of its products and services and expand its global presence.

The move highlights the growing importance of Web3 and crypto technologies and India’s reputation as a hotbed for technology talent.