Crypto exchange and custodian Gemini has been on an expansion drive in Singapore, widening its product offering and hiring for various roles to support its Asia Pacific business.
In addition to product-related roles to support the expansion of its offering, Gemini has also hired for other roles and functions.
They include ex-Leonteq Asia chief Jeremy Ng as head of Asia; former APAC financial crimes legal counsel Andy Meehan as chief compliance officer; and Eugene Ng as head of business development, who previously spent four years with Deutsche Bank in derivatives sales.
Platform upgrade
Gemini also recently enhanced its platform with an expanded product offering that now includes Singapore dollars (SGD) and faster application speeds for the residents from the city-state, according to a statement from the firm.
20 tokens are currently available for trading including those of the DeFi (decentralized finance coins or smart contracts that don’t rely on banks or legal professionals) variety like Yearn.Finance (YFI), Uniswap (UNI) and Filecoin (FIL).
Winklevoss Twins
Amidst an ongoing pandemic, Gemini’s global expansions continue with the launch of its U.K. unit last year. It has also added support for other fiat currencies such as the British pound, Hong Kong dollars Canadian dollars and Australian dollars.
«Singapore is a financial epicenter in the heart of Asia and is a fast-growing market for cryptocurrency,» said Gemini CEO Tyler Winklevoss. «Singapore is one of our biggest markets and supporting SGD is another exciting milestone on our mission to empower the individual through crypto.»
Gemini was founded in 2014 by twin brothers Cameron and Tyler Winklevoss, major crypto advocates and Bitcoin billionaires. In addition to the expansion of its operations, Gemini has also previously said that it internally discussed the possibility of an IPO, according to a «Bloomberg» report.
