Summary

• Gemini Exchange is expanding its presence in India by establishing an office in Gurgaon and plans to invest $24 million over the next two years in its development center in the country.

Crypto exchange, Gemini, is making significant strides in expanding its presence in India. Following the announcement of the Gurgaon technology development center in May, the company has now established its office within the Campus Cyber Greens' Cyber Hub, a cutting-edge hub for crypto and technology innovation.

With over 70 Gemini employees now stationed in Gurgaon, the exchange is poised for substantial growth in the region.

Gemini's commitment to India extends beyond its physical presence. The exchange has unveiled plans to invest INR 200 crore ($24 million USD), over the next two years to bolster its development center in Gurgaon. This investment underscores Gemini's confidence in India's burgeoning talent pool.

Expanding the Innovation Hub

The Gurgaon office is vital to Gemini's operations, housing professionals from engineering, design, and operations teams. These teams are responsible for building products and services that cater to customers in over 70 countries. Additionally, the Gurgaon-based teams play a pivotal role in core platform functions such as compliance, data management, security, and payments, augmenting Gemini's global workforce of over 500 employees.

Gemini's decision to expand in India aligns with the nation's thriving reputation as a global technological force. The supportive ecosystem for startups, epitomized by the "Startup India" initiative launched in 2016, has nurtured innovation, propelling India to the third position globally in the startup landscape.

The exchange’s expansion in India not only underscores its commitment to the nation but also signals a broader mission to unlock the potential of crypto and Web3 on a global scale.