Gemini Expands Singapore XRP Support with Direct Ledger Access

Gemini has expanded its XRP offering in Singapore by allowing local users to deposit and withdraw XRP directly over the XRP Ledger (XRPL), according to Gemini CEO Tyler Winklevoss. This move is part of the exchange's broader effort to warm up to XRP, with significant support for XRP-related products.

Gemini already operates a broad crypto platform in Singapore, allowing customers to fund accounts in Singapore dollars and trade and store more than 70 cryptocurrencies. The new functionality enables users to interact directly with XRPL, streamlining the process of buying and selling XRP.

This expansion is part of Gemini's growing support for XRP, which has been driven by strong performance from rewards. In fact, users who had held their XRP rewards for at least a year saw them increase by 453%.