Crypto Exchange Gemini Expands Operations in India with $24 Million Investment and Key Leadership Appointment

Crypto Exchange Gemini Expands Operations in India with $24 Million Investment and Key Leadership Appointment

Crypto News – Gemini, the crypto exchange, is strengthening its presence in India with a significant $24 million investment and the appointment of a Head of Operations for its Indian subsidiary. Sachin Ranglani, a seasoned professional in the tech industry, assumed the role of Vice President and India Head in September, as outlined on his LinkedIn profile.

Ranglani brings a wealth of experience, having previously held the position of Senior Vice President of Product Management at Indian fintech giant Paytm for three years. Prior to this, he gained extensive experience at reputable companies such as Uber, Amazon, and Infosys.

In a recent announcement, Pravjit Tiwana, Gemini’s Asia Pacific CEO, highlighted the strategic importance of the company’s engineering center in Gurgaon, near India’s capital Delhi, in driving the company’s growth in the upcoming years.

The Gurgaon branch, currently employing over 70 individuals, is set to expand its workforce to over 100 by the end of 2023, as revealed by Tiwana in an article published by Financial News. The goal is to further scale the team to 200 employees by the end of 2024.

The Gurgaon team plays a vital role in various domains including compliance, data pipelines, warehousing, security, and payments. They are actively recruiting for positions in software engineering, technical product management, people operations, talent acquisition, finance, support, and compliance.

Gemini, in its statement on the company website, expressed deep respect and admiration for India’s tradition of engineering excellence, viewing the country as a fertile ground for nurturing top-tier technology talent.

The Gurgaon office is positioned to become Gemini’s second-largest engineering hub, following the United States, and will complement their existing offices in the United Kingdom, Ireland, and Singapore.

Gemini also confirmed readiness to serve both retail and institutional customers in India with its spot and derivatives crypto trading products.

This strategic move into the Indian market aligns with Gemini’s expansion strategy in Singapore, where they aim to grow their workforce to over 100 employees by the next year.

Gemini firmly believes that the Asia Pacific region will play a pivotal role in driving the next wave of growth in the crypto industry.