The exchange now allows XRPL-based transfers for its Singapore customers, expanding regional access to the token.
Gemini has switched on support for XRP deposits and withdrawals using the XRP Ledger, or XRPL, for customers in Singapore. The update lets users in the city-state send and receive XRP directly on its native blockchain rather than relying solely on other transfer methods the exchange may have supported previously.
XRPL is the blockchain that underpins XRP, the token most closely associated with Ripple. It is designed for fast settlement and low transaction costs, features that have made it a common choice for cross-border payment applications. Enabling native XRPL transfers typically means quicker confirmation times and lower fees compared with routing assets through intermediary networks.
Gemini operates under regulatory frameworks in multiple jurisdictions, and Singapore is one of the markets where the exchange holds an active presence. The Monetary Authority of Singapore has built a licensing regime for digital payment token services, and platforms operating there must meet its compliance standards. Rolling out new network support in this market suggests Gemini is expanding functionality within an already-approved operating structure.
The addition of XRPL-based transfers follows a broader industry pattern of exchanges expanding the blockchain networks they support for individual assets. Many tokens can move across multiple networks through wrapped versions or bridges, but native-chain support is often viewed as more reliable and cost-effective for both retail and institutional users.
For Gemini’s Singapore user base, the change means more flexibility in how they manage XRP holdings. Users can now choose to deposit or withdraw XRP directly via XRPL, which may reduce reliance on third-party bridges or wrapped-token routes that can carry additional risk or cost.
Gemini has continued to add and adjust asset and network support across its regional platforms as it competes with other global exchanges for market share in Asia. Singapore has emerged as a significant hub for digital asset firms navigating clearer regulatory guidelines, making infrastructure updates in the market notable for the wider industry.
Sources disagree on this story
This article was published before the reports below were compared. The reporting above stands; what follows is where the published accounts do not agree.
Reports agree Gemini enabled XRP deposits/withdrawals via XRPL for Singapore users, but disagree on the exact date of Winklevoss's announcement and the year XRP was added as derivatives collateral.
What all sources agree on
- Gemini enabled XRP deposits and withdrawals via the XRP Ledger (XRPL) for customers in Singapore.
- Tyler Winklevoss, Gemini's CEO/co-founder, announced the new functionality on X, describing it as 'Big news for the Ripple Army in Asia.'
- Gemini previously enabled RLUSD deposits and withdrawals over XRPL in December 2025.
- Gemini and Ripple launched an XRP edition of the Gemini Credit Card, offering rewards including up to 4% back on eligible purchases.
- Gemini consolidated its international operations around the U.S. and Singapore, exiting the UK, EU and Australia.
- Gemini Digital Payments Singapore holds in-principle approval from the Monetary Authority of Singapore for a Major Payment Institution license.
Where the reports disagree
1Exact date of Winklevoss's announcement on X
Winklevoss wrote on X on August 25, announcing the new functionality for Gemini users in Singapore.
In an Aug. 24 post on X, Winklevoss announced the new functionality directly to XRP supporters.
What would settle it: The timestamp on Winklevoss's original X post.
2Year XRP was added as cross-collateral for derivatives trading
In July 2026, XRP was added as a cross-collateral asset for derivatives trading.
Gemini added XRP as eligible cross-collateral for derivatives trading in July 2025, allowing qualifying traders to use the token alongside Bitcoin and Ethereum to support leveraged positions.
What would settle it: Gemini's own product announcement or press release regarding derivatives cross-collateral eligibility for XRP.
What to make of it
Treat the core fact of Gemini enabling XRP deposits and withdrawals via XRPL in Singapore as established across all sources; the exact date of Winklevoss's post and the year XRP was added as derivatives collateral remain unresolved and should not be treated as settled until confirmed by Gemini's own statements.
Market Impact
The change is primarily an operational update rather than a market-moving event on its own. Native XRPL support can improve transfer efficiency for XRP holders on Gemini in Singapore, potentially encouraging more on-platform activity involving the token in that market.
Broader market impact will likely be limited unless other exchanges or jurisdictions follow with similar announcements. The update does reinforce XRP's continued integration into regulated exchange infrastructure in a region actively shaping its digital asset policy.
Gemini's rollout of XRPL deposit and withdrawal support in Singapore reflects incremental infrastructure growth for XRP within regulated markets. It gives local users a more direct way to move the asset while highlighting Singapore's ongoing role as a testing ground for exchange service expansion.
Frequently Asked Questions
What did Gemini change for XRP users in Singapore?
Gemini enabled deposits and withdrawals of XRP directly through the XRP Ledger, its native blockchain, for customers in Singapore.
Why does native XRPL support matter?
Transfers on XRP's native network typically settle faster and cost less than routes involving wrapped tokens or third-party bridges.
Does this affect Gemini users outside Singapore?
The reported update applies specifically to Gemini's Singapore operations, based on the available information.
Is this related to a change in XRP's regulatory status?
No regulatory change was cited alongside this update. It appears to be an operational expansion of Gemini's existing services in Singapore.
