Cryptocurrency NewsGemini plans Asia-Pacific expansion as part of 'next wave of growth for...

Gemini plans Asia-Pacific expansion as part of ‘next wave of growth for crypto’

The United States cryptocurrency exchange Gemini, founded by Cameron and Tyler Winklevoss, has revealed plans to extend its operations into the Asia-Pacific region. In a blog post on June 19, Gemini announced its intentions to expand its Singapore office and establish an engineering division in India. The exchange expressed its belief that the APAC region holds significant potential for driving the next phase of growth in the crypto industry. This strategic move comes amidst a lawsuit filed against Gemini in January by the U.S. Securities and Exchange Commission (SEC) regarding its product called “Gemini Earn,” which allows users to lend crypto assets. Gemini’s expansion into different markets appears to be a response to the increased regulatory scrutiny faced by many cryptocurrency firms in the United States. The exchange has already taken steps to become a registered restricted dealer with the Ontario Securities Commission in Canada and has chosen Ireland as a base for expanding its services throughout Europe, as announced by the Winklevoss twins in May.


Join us

- Advertisement -