Gemini enabled XRP deposits and withdrawals through the XRP Ledger for customers in Singapore on August 25, expanding the exchange's support for Ripple-related assets beyond buying, selling and storing the token. According to reports from Gemini, eligible users can now transfer XRP between Gemini accounts and external XRPL addresses instead of relying only on transactions within the exchange. The new functionality allows users to deposit XRP from self-custody wallets or other supported platforms and withdraw tokens directly to compatible addresses on the XRP Ledger.
Gemini Digital Payments Singapore received in-principle approval from the Monetary Authority of Singapore for a Major Payment Institution license in October 2024. As reported by Gemini, in-principle approval is not the same as receiving the final license, and the company continues working with the regulator on its application. Singapore remains one of Gemini's core markets, with the exchange allowing Singapore customers to fund accounts in Singapore dollars and access more than 70 cryptocurrencies. The company consolidated its international operations around the U.S. and Singapore earlier in 2026 while exiting the United Kingdom, European Union and Australia.
Gemini added XRP to its derivatives cross-collateral system in July, with eligible derivatives customers able to use the token alongside Bitcoin, Ether, Tether and Gemini Dollar to support trading positions. According to Gemini, cross-collateral support does not increase the amount of XRP held by Gemini customers automatically but gives qualifying users another asset that can contribute toward margin requirements while exposing them to liquidation risk. The exchange previously enabled RLUSD deposits and withdrawals over XRPL in December 2025, with RLUSD being Ripple's dollar-backed stablecoin that operates on both XRPL and Ethereum.
Gemini co-founder and CEO Tyler Winklevoss announced the rollout in an X post, though the exchange did not announce new XRP trading pairs, fee changes or minimum transfer amounts alongside the launch. As reported by Gemini, customers should verify the destination network, address and any required destination tag before submitting transfers, as sending XRP through an unsupported network could result in lost funds. The Singapore XRP expansion supports one of the two markets Gemini selected for its continuing operations, making it more relevant than a routine network addition given the company's recent restructuring plans to reduce its global workforce by as many as 200 positions.
