U.S.-based cryptocurrency exchange Gemini is planning to expand its Asia-Pacific operations to cash in on the region’s growth, the bourse’s Asia-Pacific Managing Director, Jeremy Ng, wrote in a blog post this week.

Fast facts

  • The new expansion is to capture the growth of its Singapore office after it was first established last year, he wrote. 
  • Already supporting Australian and Hong Kong dollar, Gemini will also building satellite offices in these two regions.
  • Gemini is not the only crypto exchange looking to gain a foothold in the region recently. In June, U.K.-based Fasset received operating licenses from Malaysia authorities. Meanwhile, Luno, a global crypto exchange, is in talks with conglomerate Lippo Group to launch operations in Indonesia. 
  • Owned by the twins Tyler and Cameron Winklevoss, Gemini is among the largest crypto exchanges in the world by trading volume, and ranked as a top-10 exchange according to CoinGecko’s “trust score.” Its total 24-hour volume is about US$145.5 million as of publishing time.