- Gemini, the popular US-based cryptocurrency exchange founded by the Winklevoss twins, is opening a new office in Singapore to expand its operations to the Asia-Pacific region.
- The Singapore office will serve as a central hub for Gemini’s activities in the Asia-Pacific (APEC) region, with plans to employ over 100 staff members within the next 12 months.
- Gemini believes that APEC can be a driving force for the next wave of growth in the cryptocurrency market and for the exchange itself.
Gemini Expands Operations to Asia-Pacific with New Office in Singapore
Gemini announced on June 19th through its official blog that it will be establishing a new office in Singapore to expand its operations to the Asia-Pacific (APEC) region. The exchange aims to make its Singapore office a central hub for its APEC operations and plans to employ over 100 staff members within the next year.
The establishment of the Singapore office signifies Gemini’s commitment to expanding its presence in the Asia-Pacific region. The exchange believes that APEC can play a crucial role in driving the next wave of growth for both the cryptocurrency market and Gemini itself.
The decision to expand to Singapore comes as many actors in the cryptocurrency industry are seeking opportunities in different jurisdictions due to the US government’s restrictive stance. The Asia region, particularly Hong Kong, has emerged as a top choice for many cryptocurrency players.
Cameron Winklevoss, co-founder of Gemini, previously claimed that the next Bitcoin bull run will be driven by Asia. With the opening of the Singapore office, Gemini is positioning itself to capitalize on the potential growth in the Asia-Pacific market.
As Gemini expands its operations to Singapore and the Asia-Pacific region, it aims to tap into the growing demand for cryptocurrencies and provide a reliable and secure platform for users in the region.
With its new office in Singapore, Gemini is poised to strengthen its position in the global cryptocurrency market and cater to the needs of cryptocurrency enthusiasts in the Asia-Pacific region.
Disclaimer: This article is for informational purposes only and should not be considered as financial or investment advice.
