Gemini Announces Asia Expansion, But Traders Are Ducking Centralized Exchanges

Cryptocurrencies have been forced to re-strategize amidst a rise in unfavorable regulatory frameworks in the United States. Reacting to the change in the regulatory environment, Gemini has announced that it has 'big plans' for the Asia region.

The move comes at a time when centralized exchanges are enduring declining customers as many crypto traders migrate to decentralized and hybrid exchanges like Uniswap and Tradecurve.io.

Gemini Looks Out of the United States Over Regulatory Uncertainty

Gemini, a cryptocurrency exchange based in the United States has begun exploring other possibilities amidst the uncertainty of crypto regulation. The United States is without a clear regulatory framework, as some of its agencies prefer enforcement actions.

Since the start of the year, the Securities and Exchange Commission has filed lawsuits against several cryptocurrency exchanges, including Gemini, Binance, Coinbase, Bittrex, Beaxy, and Coinseed, among others. 

The crackdown on cryptocurrency exchanges and the debate that all cryptocurrencies are securities leaves an air of uncertainty over the future of crypto in the United States. As a result, several exchange platforms, including Gemini are looking outside the U.S.

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Gemini to Open a Crypto Hub in India

In the latest statement from the U.S.-based exchange, plans are in motion to establish a new engineering hub in India to tap into the country's massive pool of top tech talents. 

According to Gemini's global chief technology officer, Pravjit Tiwana, the engineering hub in India will be the second-largest hub owned by the company. Tiwana, who is now the CEO of Gemini Asia Pacific will lead operations at the new engineering hub.

In a separate statement, Tyler and Cameron Winklevoss, the founders of Gemini announced that the company has very big plans for international growth and is prioritizing the Asia-Pacific region, starting with the engineering hub.

Gemini looks to invest big in the region, revealing that it will focus on massive remit for APAC. In addition, Gemini will develop web and mobile user experiences for APAC users and also contribute to compliance, data pipelines, warehousing, security, and payments.

Crypto Traders are Moving to Hybrid Exchanges

While the expansion is a great move, there has been a general decline in the activity of crypto users and traders on centralized exchanges, of which Gemini is one of the biggest.

The significantly lower liquidity and scalability concerns of decentralized exchanges have left hybrid exchanges like Tradecurve (TCRV) that will combine the best features from both centralized and decentralized exchanges the new winners.

More than just a hybrid cryptocurrency exchange, Tradecurve is building an all-inclusive cryptocurrency exchange that will allow users to trade cryptocurrencies, stocks, forex, and commodities on a single account. The platform will implement Proof of Reserves (PoR) so users can trade with peace of mind. Owing to the DeFi element of the platform users will be able to trade privately (No KYC), own all their assets and will control their own private keys.

To give traders the feel of a financial trading platform, Tradecurve will also support algorithmic trading as well as copy-trading. With the transition of traders from CEXs, Tradecurve is strongly positioned to become the future of crypto exchanges.

For more information about Tradecurve (TCRV), visit the links below: 

Buy presale: https://app.tradecurve.io/sign-up

Website: https://tradecurve.io/

 Twitter: https://twitter.com/Tradecurveapp

 Telegram: https://t.me/tradecurve_official