Gemini Brings Direct XRP Ledger Transfers To Singapore Gemini has enabled ripple:native deposits and withdrawals through the XRP Ledger for customers in Singapore. Users can now transfer XRP between Gemini and external XRPL addresses. They can withdraw XRP directly to

What happened

Gemini has enabled direct XRP deposits and withdrawals through the XRP Ledger for customers in Singapore. Users can now transfer XRP between Gemini and external XRPL addresses, allowing them to withdraw XRP directly to outside wallets.

Confirmed

Global impact / market context

This allows Singapore-based investors to move XRP in and out of Gemini without using an intermediary, which can reduce waiting times and fees. Lower costs and faster transfers may increase XRP usage, boosting demand and potentially affecting its price.

Analyst inference

By offering native XRP transfers, Gemini enhances its competitive edge in Singapore’s crypto exchange market. This could attract more users to the platform, increasing trading volume and strengthening Gemini’s market position in the region.

Analyst inference

What to watch

1. Monitor for official Gemini announcements about expanding this direct XRP transfer service to customers in other countries beyond Singapore. Confirmed
2. Propose tracking whether trading volume of XRP on Gemini increases among Singapore users after this feature launch, as a sign of adoption. Proposed
3. Watch if rival exchanges in Singapore respond by enabling similar direct XRP transfers, which could lead to increased competition and better terms for users. Analyst inference

Affected assets

• XRP — XRP

Evidence

• x.com