The US-based cryptocurrency exchange Gemini is now looking at expanding overseas, and it appears that India has captured its interest. Gemini initially entered India in May, and after four months of testing the waters, the cryptocurrency exchange has chosen to increase its presence there. The exchange will expand its development facility in Gurugram, a city that is an essential component of India's National Capital Region (NCR), with an investment of $24 million (approximately Rs 200 crore).

Gemini has already onboarded over 70 staff members in its Gurugram team. The company is hiring for more roles to fill its internal verticals, including tech development, finance, and compliance. In the next two years, the exchange plans to invest up to Rs 200 crore in its Gurugram facility. “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. We are delighted to build on that announcement and reveal that we have opened our office within the Cyber Hub at Campus Cyber Greens”, the exchange said in an official statement.

The exchange is looking to tap into India's engineering talent to grow its ecosystem with fresh Web3 solutions that eventually add more layers of safety for its community members. “Our teams based in Gurgaon will also be responsible for core platform fundamentals in the areas of compliance, data pipelines and warehousing, security, and payments, complementing our 500+ strong global workforce”, the company's post added.