{"id":85058,"date":"2023-09-27T13:23:36","date_gmt":"2023-09-27T10:23:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85058"},"modified":"2025-09-12T21:02:21","modified_gmt":"2025-09-12T18:02:21","slug":"gemini-earmarks-24-million-for-expansion-in-india","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/gemini-earmarks-24-million-for-expansion-in-india\/","title":{"rendered":"Gemini earmarks $24 million for expansion in India"},"content":{"rendered":"<p>The cryptocurrency exchange Gemini <a href=\"https:\/\/www.gemini.com\/blog\/gemini-to-deepen-india-investment-over-next-two-years-with-plans-to-invest\">\u0438\u043d\u0432\u0435\u0441\u0442\u0438\u0440\u043e\u0432\u0430\u043b\u0430<\/a> 2 billion rupees (~$24 million) to expand its business in India.<\/p>\n<p>According to the press release, the funds will be used to develop the company&#8217;s development center in Gurgaon. Since its May launch, the Gemini Gurgaon team has grown to more than 70 employees. For the first time, <a href=\"https:\/\/u1f987.com\/en\/news\/gemini-unveils-plans-to-open-an-office-in-india\">plans<\/a> of the firm&#8217;s expansion into India came to light in April.<\/p>\n<p>Active recruitment is currently underway for developers, technical managers, as well as legal and financial specialists.<\/p>\n<blockquote><p>\u201cOur colleagues based in Gurgaon will also be responsible for the platform&#8217;s core capabilities in compliance, data processing, security and payments, complementing our team of more than 500 employees worldwide,\u201d said representatives of the trading platform.<\/p><\/blockquote>\n<p>Among the jurisdiction advantages, Gemini highlighted \u201ca reliable government support system that allows startups to thrive.\u201d Pravjit Tiwana, the Chief Executive for the Asia-Pacific region, called India a \u201cglobal hub of entrepreneurship and technology development.\u201d<\/p>\n<p>Trading volumes on the exchange in the country are expected to be second only to the United States.<\/p>\n<p>In March, the company intends to <a href=\"https:\/\/u1f987.com\/en\/news\/gemini-to-launch-international-derivatives-trading-platform-reports-say\">launch<\/a> a crypto-derivative platform oriented toward international markets. According to media reports, Gemini is set to register the new service outside the United States.<\/p>\n<p>Later, founders Tyler and Cameron Winklevoss <a href=\"https:\/\/u1f987.com\/en\/news\/winklevoss-brothers-plan-gemini-expansion-into-the-uk-market\">stated<\/a> that they are considering the United Kingdom as the site for a second headquarters. According to the brothers, the move was prompted by the \u201chostile\u201d regulatory climate in the United States.<\/p>\n<p>In June 2022 the U.S. Commodity Futures Trading Commission <a href=\"https:\/\/u1f987.com\/en\/news\/cftc-sues-gemini-the-winklevoss-twins-cryptocurrency-exchange\">filed a lawsuit<\/a> against Gemini. The documents claimed that the platform misled regulators regarding bitcoin futures contracts.<\/p>\n<p>Earlier in 2023 the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> also <a href=\"https:\/\/u1f987.com\/en\/news\/sec-accuses-gemini-of-selling-unregistered-securities\">accused<\/a> the exchange of unlicensed trading of securities through the Earn service. The company had previously suspended payments under the program amid <a href=\"https:\/\/u1f987.com\/en\/news\/genesis-global-capital-suspends-crypto-lending-operations\">the main partner&#8217;s financial problems<\/a> \u2014 the Genesis Global Capital OTC platform.<\/p>\n<p>As part of Gemini&#8217;s expansion, <a href=\"https:\/\/u1f987.com\/en\/news\/gemini-selects-ireland-as-its-second-headquarters\">opened<\/a> a second headquarters in Dublin, Ireland. The company has already obtained registration with the local central bank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Gemini invested 2 billion rupees (~$24 million) to expand its business in India.<\/p>\n","protected":false},"author":1,"featured_media":85059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[719,278],"class_list":["post-85058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-gemini","tag-india"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=85058"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85058\/revisions"}],"predecessor-version":[{"id":85060,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85058\/revisions\/85060"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/85059"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=85058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=85058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=85058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}