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Gemini Names APAC Chief, Launches Crypto Derivatives Platform

The company named a new chief executive officer for Asia-Pacific (APAC) and is set to open its first office in India as part of its “big plans” in the region.

Pravjit Tiwana (Image: LinkedIn)

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Pravjit Tiwana has been named CEO of Gemini Asia Pacific (APAC), an important market for the exchange, and where it is focusing its expansion efforts.

As APAC CEO, he will be responsible for launching and expanding our products and services in the region, leading the go-to-market (GTM) organization (business development, marketing, and evangelism), and owning PnL for the region, Tyler & Cameron Winklewoss, CEO and chairman, said in a blog post.

Tiwana will be taking on these responsibilities in addition to his role as Gemini’s Global Chief Technology Officer (CTO). According to his LinkedIn profile, Tiwana is based in Seattle, Washington.

A product and engineering executive with 20 years of technology experience, Tiwana joined the company 15 months ago, previously spending over 6 years at Amazon Web Services. He has also held roles at Disney and Microsoft, among others.

Important region

Gemini is set to open its first office in India as part of its “big plans” in the region. The company's India office will become Gemini’s second-largest engineering center after the United States, and it will also be expanding its business teams in both India and Singapore "to execute GTM strategies focused on growing our individual and institutional customer base in the region."

"We believe that crypto and Web3 products will continue to have a strong growth trajectories in APAC," the statement said.

Crypto derivatives platform

On Saturday, the company announced the launch of Gemini Foundation, a non-US crypto derivatives platform. The first derivatives contract will be a BTC perpetual contract denominated in Gemini dollars (GUSD). An ETH/GUSD perpetual contract will launch soon thereafter, Gemini said in a blog post.

With Gemini Foundation, eligible customers will be able to trade both spot and derivatives products and execute all of their trading strategies within a secure and trusted platform.

Gemini Foundation will be available to customers in the following areas:
Singapore, Hong Kong, India, Argentina, Bahamas, Bermuda, British Virgin Islands (BVI), Bhutan, Brazil, Cayman Islands, Chile, Egypt, El Salvador, Guernsey, Israel, Jersey, New Zealand, Nigeria, Panama, Peru, Philippines, Saint Lucia, Saint Vincent & Grenadine, South Africa, South Korea, Switzerland, Thailand, Turkey, Uruguay, and Vietnam.

Read more: Crypto Exchange Gemini Sets India in Sights


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