US-based cryptocurrency exchange Gemini has announced plans to invest $24 million in its technology and crypto hub in India. The exchange is set to hire additional staff in compliance, software engineering, and support to bolster its workforce at the Gurgaon center. Gemini’s CEO of Asia Pacific, Pravjit Tiwana, stated that the company is deepening its investment in India due to the country’s reputation for top technology talent. The funds will be used to grow the development center, support the global growth of the crypto ecosystem and enhance core platform fundamentals, including compliance and security.

Growing Crypto and Web3 in India

Gemini launched its Gurgaon technology development center in May and has already expanded to over 70 employees. Despite the uncertain regulatory landscape in India, the company sees the country as a leading entrepreneurial and technological development hub. The expansion aims to bring cryptocurrency and Web3 technology to a wider audience. In addition to hiring software engineers and technical product managers, Gemini is actively recruiting talent in finance, customer support, and compliance.