Gemini Rolls Out Native XRP Ledger Transfers for Singapore Users

Gemini has expanded its services in Singapore by enabling native XRP Ledger transfers for customers. The exchange, co-founded by Tyler Winklevoss, now allows users to move XRP between Gemini accounts and external XRPL addresses without relying on internal exchange transactions.

This development follows Gemini's regulatory work in Singapore and Ripple's expansion of regulated payment activities in the country. The Monetary Authority of Singapore (MAS) has granted in-principle approval for a Major Payment Institution license to Gemini Digital Payments Singapore, with final approval still pending.

The new functionality allows users to deposit XRP from self-custody wallets or other supported platforms and withdraw XRP directly to compatible addresses on the XRP Ledger. However, customers must verify the destination network and required tag before submitting a transfer, as sending XRP through an unsupported network or omitting a required tag can result in lost funds.