Crypto exchange Gemini looks to expand presence outside U.S.

Gemini, the cryptocurrency exchange led by Cameron and Tyler Winklevoss, is planning to expand in Asia-Pacific on the expectation that the region "will be a great driver of the next wave of growth," according to a release from earlier this week. The move comes as Gemini seeks to build its presence outside of the U.S., which has seen increased regulatory scrutiny of crypto exchanges. Earlier this month, the Securities and Exchange Commission sued Binance Holdings and Coinbase Global ( COIN ), accusing the companies of offering unregistered securities. At the end of March, Gemini reportedly worked with market makers to introduce an overseas crypto derivatives platform. As part of its APAC expansion, the firm said it will increase its headcount to more than 100 people in Singapore, which "will serve as a hub for our larger APAC operations," it said in the Monday release . More on Gemini and its offshore operations Winklevoss twins support their Gemini crypto exchange with $100M loan - report Gemini to offer crypto trading for Bancolombia customers to expand Latin America footprint