Gemini to Increase Headcount Above 100 in Singapore Amid Hostile US Regulatory Climate

2023-06-20 13:15:40

The hawkish approach of the US Securities and Exchange Commission (SEC) has caused many prominent cryptocurrency companies to look abroad.

Gemini is amongst them.

Gemini, the cryptocurrency exchange led by Tyler and Cameron Winklevoss, has announced plans to expand its headcount in Singapore.
The company revealed in a blog post that it plans to increase its Singapore offices to over 100 employees.
They also plan to include an engineering base in India as part of the APAC expansion.

Our Singapore office will serve as a hub for our larger APAC operations. We believe that APAC will be a great driver of the next wave of growth for crypto and Gemini. – Reads the blog post.

Gemini is far from being the only company with plans to expand outside of the US. Coinbase CEO Brian Armstrong has also hinted at the same as the SEC continues to clamp down on crypto-related businesses.

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