Gemini Enables XRP Deposits and Withdrawals Via XRPL in Singapore

What happened

Gemini is expanding its XRP support in Singapore, allowing local users to deposit and withdraw the cryptocurrency directly over the XRP Ledger (XRPL). This means Singapore-based Gemini customers can now move XRP into and out of their accounts using the XRP network.

Confirmed

Global impact / market context

This expansion makes it easier for Singapore users to buy, sell, and hold XRP, potentially increasing trading activity on Gemini. More convenient access could boost XRP's use and visibility among investors in Singapore, possibly supporting its price and adoption.

Analyst inference

Cryptocurrency exchanges often expand asset support to attract users in growing markets like Singapore. By enabling XRP deposits and withdrawals, Gemini competes for local trading volume. This move reflects ongoing demand for XRP despite regulatory scrutiny, showing exchanges still see value in offering it.

Analyst inference

What to watch

1. Gemini has enabled XRP deposits and withdrawals via XRPL in Singapore, a confirmed development that investors can verify directly through the exchange's platform. Confirmed
2. Watch whether other exchanges in Singapore follow Gemini's lead and add XRP support over XRPL, which could signal broader acceptance of the cryptocurrency in the region. Proposed
3. Monitor XRP trading volume on Gemini in Singapore over coming weeks; a significant increase could suggest the new feature is attracting users, while a lack of change might indicate limited impact. Analyst inference

Affected assets

• XRP — XRP

Evidence

• u.today