U.S. Crypto exchanges Coinbase and Gemini launch offshore derivatives exchanges - cyptoranking.com

2024-04-30

Popular crypto exchanges(2023 Update) 2024-04-30
Image: cyptoranking.com

Since then, the altcoin has not been able to reclaim the $1,600 region. For ETH to rise to such levels, the Money Flow Index (MFI) has to be much more than it was at press time. At the time of writing, the MFI was 26.85. Source: AdobeStock / CanvaLeading global cryptocurrency exchange Gemini has taken significant steps in its Indian expansion strategy by hiring Sachin Ranglani, a former senior vice-president of product management at fintech giant Paytm, as the head of operations for its Indian subsidiary.Sachin Ranglani brings a wealth of experience from his tenure at Paytm, where he worked for approximately three years. Prior to his role at Paytm, Ranglani held positions at well-known tech companies, including Uber, Amazon, and Infosys. In September, he assumed the position of Vice President and India Head at Gemini, as indicated on his LinkedIn profile.This strategic move by Gemini aligns with its earlier announcement of expanding its engineering center to India's Gurgaon city, located near the national capital, Delhi. The company's global chief technology officer, Pravjit Tiwana, revealed in September that the Indian engineering center would play a pivotal role in driving Gemini's growth in the years ahead.Gemini's entry into the Indian market follows a $24 million investment aimed at strengthening its presence and operations in the country. With Sachin Ranglani at the helm of its Indian subsidiary, Gemini is poised to make significant strides in the Indian cryptocurrency space.Gemini's Gurgaon Branch is set to Expand, Aiming for Over 100 Staff by 2023 and 200 by 2024Gemini's Gurgaon branch, currently employing over 70 professionals, is set to expand significantly, with plans to exceed 100 staff members by the end of 2023. This figure is expected to grow to 200 by the close of 2024, according to Pravjit Tiwana, the company's global chief technology officer.The exchange is actively seeking individuals for various roles, including software engineers, technical product managers, people operations, and talent acquisition staff, as well as finance, support, and compliance positions.The Gurgaon team plays a crucial role in compliance, data pipelines, warehousing, security, and payments. Sachin Ranglani, in his capacity as head of operations, will lead this team, overseeing the execution of Gemini's go-to-market strategy, establishing vital relationships with stakeholders, and driving user growth in India.This strategic move further underscores Gemini's commitment to establishing a solid foothold in the rapidly evolving Indian cryptocurrency market.On its website, Gemini says:"We have deep respect and admiration for India's tradition of engineering excellence and view India as a hotbed for bar-raising technology talent." They also added that "Our Gurgaon office will be the second largest Gemini engineering hub behind the United States and complement our existing offices in the United States, the United Kingdom, Ireland, and Singapore." Gemini Makes Strategic INR 200 Crore Investment in Indian Market ExpansionIn a significant move toward market expansion, global cryptocurrency exchange Gemini has announced plans to invest INR 200 crore (approximately $24 million) over the next two years in the Indian market. While the exchange is not launching its products in India at this time, it is closely monitoring the regulatory landscape in the country. Gemini believes that India will play a pivotal role in creating an innovative ecosystem for the broader Web3 and crypto communities.The newly established Gurgaon office will be integral to the company's global engineering, design, and operations. It will contribute significantly to the development of products and services for customers across more than 70 countries. Sachin Ranglani, known for his extensive experience in developing and launching new products and features for Paytm's vast user base of over 350 million, will lead the Gemini Gurgaon office.Gemini's substantial investment in its India engineering center underscores the company's dedication to innovation and growth. The Gurgaon team is poised to play a crucial role in realizing Gemini's vision of becoming the world's most trusted and reliable cryptocurrency exchange.Pro-Crypto Advocate RFK Jr. Shifts to Independent Presidential Campaign – What Does That Mean for The Industry? U.S. Crypto exchanges Coinbase and Gemini launch offshore derivatives exchangesARK’s data also indicated a significant concentration of bitcoin with long-term holders. It comes despite a dip in the asset’s price on Monday which some are attributing to the ongoing conflict in the Middle East. The Valkyrie Bitcoin Strategy ETF (BTF) will not purchase ether futures contracts “until the effectiveness of an amendment to the fund’s registration statement contemplat[es] the addition of ether futures contracts to the principal investment strategy of the fund,” Valkyrie said in a Friday filing.

Exchange Rankings Crypto
Image: cyptoranking.com

This analysis delves into the strategies and initiatives of top video game companies in embracing web3 and blockchain gaming, providing insights into their market approaches and the challenges they face.Minecraft bans Bitcoin P2E, iPhone 15 & crypto gaming, Formula E: Web3 Gamer Ethereum resumed its decline and retested the $1,550 support. Dogecoin rates in PKR and USD on June 25, 2023-Crypto News BTCEthereum price struggled to clear $1,660 and reacted to the downside against the US dollar. ETH remains at risk of more losses if it breaks the $1,550 support. Similarly, 6 years after his departure, Jackson Palmer expressed his feelings about the cryptocurrency community in a Twitter thread in 2021. Palmer shared how he had wholeheartedly left the cryptocurrency community due to conflicts with his politics and belief system. He cited the negativity and exploitation by wealthy individuals, as well as the inherent harm this caused the vulnerable and underprivileged due to limited interventions. Palmer expressed his dissatisfaction with the industry, which has turned into a means of making more money through shallow blockchain integration rather than actually developing the technology.

Bitcoin (BTC) Price Prediction – Source: IntoTheBlock Still, building a decentralized mobile network from scratch is a tricky financial proposition. Helium’s unlimited cellular plan also only costs users $5 per month, which is useful for adoption but not for the company’s bottom line. 6 Best Crypto Trading Platforms to Buy Bitcoin in IndiaGaming companies are at the forefront of metaverse development, having already crafted an early prototype. Games like Minecraft, Fortnite, and Roblox have incorporated metaverse elements, creating virtual worlds where players meet, socialize, and interact. These games serve as social spaces where gamers build friendships and communities, forging new frontiers in the digital realm. “It’s a really challenging time to want to be an equity investor in US stocks right now,” Tudor Jones said.

Netherlands’ crypto casino market The fact that Coinbase may hold as much bitcoin (BTC) as Nakamoto is notable because it is widely believed that the mysterious bitcoin creator mined an impressive amount of bitcoin, with estimates ranging from 600,000 BTC (equivalent to $13 billion) to as much as 1.1 million BTC ($23.8 billion) during the cryptoasset’s early years. How To Sell Bitcoin In India: 5 Best Websites [2023]Table of contentsWhat is Decentralized Application (dApps)?How are Decentralized Applications different from software applications? Scope of DAppsDApps are used to Some industries that employ dApps areAdvantages and Disadvantages of dAppsPros:Cons:Top 5 Most Popular dApps Available Now1. UNISWAP2. PANCAKE SWAP3. AAVE4. OPENSEA5. RARIBLEThe Future of Decentralized Applications or dApps Love him or hate him, when Arthur Hayes speaks, people listen.

Have an opinion on this story? Share it!