Gemini enables XRP deposits and withdrawals via XRP Ledger in Singapore

On August 25, 2026, cryptocurrency exchange Gemini enabled native XRP Ledger (XRPL) deposits and withdrawals for its Singapore users, allowing transfers to external wallets. The rollout aligns with Gemini's regulatory efforts in Singapore, where its subsidiary received in-principle approval for a Major Payment Institution license in October 2024, and its 2026 consolidation around the U.S. and Singapore after exiting European and Australian markets.

Gemini Singapore XRPL withdrawals

• ▪Singapore's Travel Rule requirements restrict Gemini's XRP withdrawals to verified exchanges or self-custody wallets, requiring outbound transactions to be trackable.
• ▪The August 25, 2026 integration allows Gemini's Singapore users to transfer XRP directly between Gemini accounts and external XRPL-compatible wallets, rather than being restricted to internal exchange transactions.
• ▪Gemini's support documentation specifies that deposits require both the displayed X-Address and an XRP destination tag due to the exchange's shared address structure.
• ▪Gemini enabled native XRP Ledger deposits and withdrawals for its Singapore-based users on August 25, 2026.

Singapore MPI license application

• ▪The Monetary Authority of Singapore has separately approved broader payment services under Ripple's license, expanding Ripple's regulated payment activities in Singapore.
• ▪Gemini continues to work with the Monetary Authority of Singapore toward final approval of its Major Payment Institution license.
• ▪Gemini Digital Payments Singapore received in-principle approval for a Major Payment Institution license from the Monetary Authority of Singapore in October 2024.

Gemini international market exits

• ▪Gemini's 2026 restructuring and international consolidation included plans to cut as many as 200 positions globally.
• ▪Gemini consolidated its international operations around the United States and Singapore in 2026, exiting the United Kingdom, European Union, and Australia.

XRP derivatives collateral integration

• ▪Gemini and Ripple launched an XRP edition of the Gemini Credit Card, allowing users to earn up to 4% back in XRP rewards on eligible purchases.
• ▪Gemini added XRP as cross-collateral for derivatives trading in July 2026, allowing users to use XRP alongside Bitcoin, Ether, Tether, and Gemini Dollar.
• ▪Gemini enabled deposits and withdrawals of Ripple's dollar-backed stablecoin, RLUSD, over the XRP Ledger in December 2025.

Winklevoss XRP advocacy shift

• ▪Tyler Winklevoss previously feuded with XRP supporters in 2020, calling them 'dumb trolls,' and stated in March 2025 that XRP did not meet his standard for a strategic reserve.
• ▪Gemini CEO Tyler Winklevoss announced the Singapore XRPL integration on X on August 25, 2026, calling it 'big news for the Ripple Army in Asia.'