Gemini exchange taps veteran fintech exec in India expansion

Gemini India aims to increase its workforce by 42% before the end of 2023

article-image

Kandarp/Shutterstock, modified by Blockworks

share

Crypto exchange Gemini has appointed a head of operations for its Indian subsidiary following a $24 million investment to expand operations there.

Sachin Ranglani, who has extensive experience in the tech sector, joined as Vice President and India Head in September, according to his LinkedIn profile.

He previously worked as senior vice president of product management at Indian fintech Paytm for three years, and gained experience at Uber, Amazon and Infosys.

Gemini’s Asia Pacific CEO, Pravjit Tiwana, announced in September that the company’s engineering center in Gurgaon, situated near India’s capital Delhi, will have a major impact on fueling the company’s growth in the coming years.

The Gurgaon branch, currently employing over 70 individuals, anticipates increasing its staff to exceed 100 by the close of 2023, Tiwana told Financial News in an article published on Tuesday. 

He added that this figure is projected to reach 200 by the end of 2024.

The Gurgaon team is responsible for tasks related to compliance, data pipelines, warehousing, security, and payments. 

They are actively looking to add software engineers, technical product managers, people operations and talent acquisition staff, finance, support and compliance positions.

On its website, Gemini says: “we have deep respect and admiration for India’s tradition of engineering excellence and view India as a hotbed for bar-raising technology talent.”

“Our Gurgaon office will be the second largest Gemini engineering hub behind the United States and complements our existing offices in the United States, the United Kingdom, Ireland, and Singapore,” it added.

The company also said that its spot and derivatives crypto trading products are ready to serve both retail and institutional customers in India.

Gemini’s entry into the Indian market aligns with its expansion strategy in Singapore, where it aims to grow its workforce to over 100 employees by next year.

“We believe that APAC will be a great driver of the next wave of growth for crypto and Gemini,” Gemini has said.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter.

Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

kamino cover.jpg

Research

Kamino has solidified its position as the leading money market on Solana and is emerging as a DeFi bluechip. Although DeFi competition is fierce, Kamino has kept iterating on its product to provide the best-in-class UX, paired with a robust risk management framework and battle-tested infrastructure. Given the rollout of Kamino Lend V2, the protocol may scale aggressively over the coming months, penetrating previously untapped markets in Solana DeFi.

article-image

A tumultuous presidential campaign comes to an end

article-image

Republican challenger Bernie Moreno captured the industry’s attention when he went up against a key member of the so-called “anti-crypto army”

article-image

Swan Bitcoin managing director John Haar is among those expecting that the election may only have a short-term impact on crypto markets

article-image

As part of the deal, Arcium will take over Inpher’s core team and technology: Lightspeed exclusive

article-image

Platforms like Polymarket and Drift’s BET show higher probabilities for a Trump victory, reflecting current market sentiments

article-image

While DAOs promote transparency and community involvement, underlying centralized mechanisms reveal the challenges in achieving full decentralization