Crypto exchange Gemini plans to expand in Asia-Pacific (APAC), a region it sees as driving the “next wave of growth for crypto.”

The expansion comes as Gemini tries to establish itself outside of the U.S., which this year has seen increased regulatory actions against crypto exchanges. In April, the exchange said it would open a new crypto derivatives platform offshore. Coinbase, another crypto exchange, also said recently it would open a derivatives exchange in Bermuda as part of its expansion outside of the U.S.