Recently, U.S. based cryptocurrency exchange Gemini shared that it is planning to expand its operations in Asia Pacific region, in an attempt to capitalize on the region’s growth in the blockchain and cryptocurrency domain.
Gemini’s managing director Asia Pacific, Jeremy Ng, announced in a blog post that the firm will establish satellite offices throughout the region, including in Australia and Hong Kong.
Well, the exchange recently celebrated the first anniversary of its presence in the region, and its Singapore-based operations have demonstrated good growth and potential so far. "Anchored by support for the Singapore dollar (SGD), we are thrilled to see the continued expansion of our regional headquarters as Gemini becomes a leader in the APAC crypto landscape."
wrote Jeremy Ng.
Source: Gemini
Gemini already offers support for trading in the Australian dollar (AUD) and Hong Kong dollar (HKD). Customers in APAC also have access to a wide range of innovative crypto products including Gemini Earn, using which users can earn up to 7.4% APR on their crypto, and the ActiveTrader platform, which offers advanced traders with the tools they require to perform sophisticated crypto trading strategies for SGD trading pairs.
Specific dates of expansion have not been revealed by the exchange yet. Singapore office has hired more than 30 employees across various departments in the recent past. One of the most recent additions to the team is Yee Fei Soh, who is now Head of Product Management for Gemini APAC. Before joining Gemini, Yee Fei has led the equity derivatives development team at Singapore Exchange (SGX).