Gemini, the leading cryptocurrency exchange, has faced significant challenges this year, but the team remains resilient and continues to make progress despite the bear market, according to a recent update from the company.
As Gemini celebrates its 8th anniversary, they wanted to highlight the accomplishments of their teams in recent times. They have had a busy year, with key developments including a global odyssey tour, the launch of a new crypto derivatives platform, and the opening of an office in India.
Gemini’s leadership embarked on a global tour to meet with regulators, lawmakers, customers, and media in eight cities across six countries and two continents. This tour has helped them gain valuable insights into attitudes towards cryptocurrency worldwide and further fuel their ambition to expand globally.
India has been a focus for Gemini, and in April, they announced the opening of their office in Gurgaon. This office, which is the second largest engineering hub after the United States, will play a crucial role in their international expansion plans. Furthermore, Gemini plans to invest $24 million over the next two years to grow their development center in India and increase their team size to over 150 employees.
Gemini also launched their crypto derivatives platform, Gemini Derivatives, which allows eligible customers to leverage their crypto assets for long or short exposure to manage risk and generate returns. Customers are able to trade perpetual contracts for BTC/GUSD, ETH/GUSD, and PEPE/GUSD.
In addition to these accomplishments, Gemini announced support for the XRP Ledger, adding another blockchain network to their list of supported networks. With this addition, Gemini now supports a total of 13 blockchain networks, including Bitcoin, Ethereum, Solana, Litecoin, and more.
Looking ahead, Gemini sees these achievements as a foundation for their continued growth as a global crypto platform. They remain committed to unlocking the next era of financial, creative, and personal freedom through their mission.
Gemini’s dedication to innovation and expansion has positioned them as one of the leading players in the crypto ecosystem. With their focus on global expansion, regulatory cooperation, and product development, they are well-placed to navigate the challenges and opportunities that lie ahead in the cryptocurrency industry.
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