Gemini Enables Native XRP Ledger Transfers in Singapore

| livebitcoinnews.com
Gemini has enabled eligible users in Singapore to deposit and withdraw XRP directly on the XRP Ledger (XRPL), following an announcement by CEO Tyler Winklevoss on 25 August 2026. The service connects Gemini accounts with compatible external wallets, including self-custody wallets and other supported blockchain platforms. Users must verify the network, wallet address and destination-tag requirements before transferring XRP. Incorrect details may result in permanent loss of funds. Gemini did not announce new XRP trading pairs, fee changes, minimum transfer limits or adoption targets, so the update is primarily a wallet-connectivity and settlement improvement rather than a direct trading catalyst. The XRP Ledger rollout builds on Gemini’s broader XRP strategy. The exchange added XRP to its derivatives cross-collateral framework in July and enabled XRPL transfers for RLUSD in December 2025. Gemini’s Singapore expansion also follows its October 2024 in-principle approval for a Major Payment Institution licence from the Monetary Authority of Singapore, although final approval has not been announced. For XRP traders, native XRP Ledger access could improve liquidity links between Gemini, self-custody wallets and other services. Near-term price effects are likely to depend on whether Singapore users generate meaningful XRP deposits, withdrawals or trading volume.
Neutral
The announcement is operationally positive for XRP because native XRP Ledger transfers make it easier for Singapore users to move XRP between Gemini, self-custody wallets and other supported platforms. This may improve network accessibility, settlement efficiency and, over time, liquidity connectivity. However, Gemini announced no new XRP trading pairs, fee reductions, volume targets or immediate liquidity incentives. The service is also limited to eligible users, and the market has not been given evidence of increased XRP demand. Similar exchange infrastructure upgrades often produce limited short-term price action unless they lead to a measurable rise in deposits, withdrawals or trading volume. In the short term, XRP may see modest attention from traders monitoring Singapore-related flows, but the direct price impact is likely to remain limited. Over the longer term, stronger XRPL access and Gemini’s wider XRP and RLUSD initiatives could support adoption. Regulatory uncertainty around Gemini’s final Singapore licence and the absence of confirmed usage data temper the bullish case, making a neutral rating most appropriate.