US crypto exchange Gemini has announced that it is investing INR 200 crore ($24 million) in its India-based development center over the next two years. Pravjit Tiwana, Gemini’s CEO of Asia Pacific and global CTO, said that “India has long been regarded as a hub for bar-raising talent by the world’s top technology companies, and we are thrilled to share that we are deepening our investment in the country.”
The Gurgaon technology hub, which opened in May, currently has over 70 employees and the additional investment will be used to grow the team and to further the innovation at the Gurgaon hub. This should help to support the overall growth of the crypto ecosystem in India and around the globe, with the exchange operating in more than 70 countries.
Gemini is looking to tap into the country’s position as one of the leading entrepreneurial and technological development hubs to bring crypto and Web3 to the masses. As well as hiring software engineers and technical product managers, the crypto exchange is also looking to recruit talent in finance, customer support and compliance.
