Gemini Exchange Set to Boost India Investment with $24 Million Crypto Infusion
The U.S. cryptocurrency exchange Gemini has announced ambitious plans to invest $24 million over the next two years to expand its development center in India. This investment will not only double its current headcount but also establish a prominent presence within the Cyber Hub at Campus Cyber Greens.
Gemini first made headlines in May with the launch of its Gurgaon technology development center in India, but the company is taking it a step further by unveiling its new office in the high-tech hub of Campus Cyber Greens. This new location will play a pivotal role in shaping the future of cryptocurrency and technology innovation.
Currently, Gemini boasts a team of over 70 world-class employees based in Gurgaon, dedicated to supporting various aspects of the business. However, the company has grander plans in mind.
India has long been revered as a global hub for exceptional technological talent, attracting top-tier technology companies from around the world. Gemini acknowledges this, and their investment is a testament to the immense potential they see in India.
Over the next two years, the company intends to inject INR 200 crore (equivalent to $24 million USD) into expanding its development center in Gurgaon. This substantial investment will be instrumental in doubling the headcount from 70 to more than 150 professionals, solidifying Gemini’s position as a key player in India’s tech landscape.
The Gurgaon office will house a diverse group of professionals, spanning across engineering, design, and operations teams. These teams will be at the forefront of developing cutting-edge products and services that cater to customers across 70+ countries worldwide.
Moreover, the Gurgaon-based teams will play pivotal roles in fundamental areas such as compliance, data management, security, and payments. This contribution will complement Gemini’s already impressive global workforce, which numbers over 500 strong.
As part of this expansion, Gemini is actively recruiting talent to fill key positions within its Gurgaon office. This includes software engineers, technical product managers, people operations and talent acquisition specialists, finance experts, support staff, and compliance professionals. The company is eager to welcome fresh minds and expertise into its fold to drive innovation further.
In explaining their choice of India for this substantial investment, Gemini points to the Indian government’s support framework for startups. The “Startup India” initiative, launched in 2016, has paved the way for a thriving startup ecosystem that now ranks third globally.
Gemini’s decision is also informed by India’s recent technological achievements, including the successful Chandrayaan-3 mission, which marked India as the first country to land a spacecraft on the moon’s unexplored south pole. This mission is emblematic of India’s potential for global impact in the technological arena.
In conclusion, Gemini’s increased investment in India reflects the country’s stature as a global leader in entrepreneurship and technological advancement. As they strive to unlock the next era of financial, creative, and personal freedom through crypto and Web3 innovation, Gemini’s commitment to India is a clear signal that the nation will play a pivotal role in shaping the future of the cryptocurrency industry.
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