Gemini, a US-based crypto exchange, has announced plans to invest INR 200 crore ($24 million) in its India-based technology and crypto hub over the next two years. The Gurgaon-based hub, which opened in May, currently employs over 70 people and is looking to hire more in compliance, software engineering and support.The investment will be used to grow the team and to further the innovation at the Gurgaon hub, with the aim of supporting the overall growth of the crypto ecosystem in India and around the globe. Gemini is also looking to enhance “core platform fundamentals”, such as compliance, security, data pipelines and warehousing, and payments.Gemini’s India expansion looks to tap into the country’s position as one of the leading entrepreneurial and technological development hubs to bring crypto and Web3 to the masses.

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Information	Details
Geography	Asia
Countries	🇮🇳
Sentiment	positive
Relevance Score	10
People	Pravjit Tiwana,
Companies	Gemini, regulatory landscape in India, Web3, INR 200 crore, Cyber Hub at Campus Cyber Greens
Currencies	None
Securities	None