Gemini launches direct XRP Ledger transfers in Singapore

Gemini now enables Singapore users to deposit and withdraw XRP directly via the XRP Ledger, offering faster, cheaper transfers and expanding XRP support in Asia.

Gemini has expanded its XRP services in Singapore, now allowing users to deposit and withdraw XRP directly via the XRP Ledger (XRPL). This enhancement enables Singapore-based customers to move XRP natively between Gemini accounts and external XRPL wallets, eliminating the need for wrapped tokens or third-party intermediaries. This update is part of Gemini's broader initiative to strengthen its XRP support. The exchange already allows XRP as collateral for derivatives trading, offers XRP credit card rewards, and supports RLUSD transfers over XRPL. The new functionality is considered a significant infrastructure upgrade, providing users with faster and more cost-effective transfers. Following the announcement, XRP's price increased by 2%, contributing to its 50% weekly gains. Gemini's rollout underscores the growing momentum of XRP adoption in Asia and highlights Singapore's position as a leading digital asset hub.