Gemini Enables XRP Transfers Through XRPL in Singapore

Gemini has expanded its XRP offering in Singapore by enabling direct deposits and withdrawals through the XRP Ledger, giving eligible customers the ability to move XRP between the exchange and external blockchain addresses.

The functionality went live on Aug. 25 and adds native network transfers to the XRP trading and custody services Gemini already provides in the country.

Previously, Singapore customers could buy, sell and store XRP through Gemini. With XRPL transfers now enabled, users can deposit XRP from compatible self-custody wallets or other supported platforms and withdraw it directly from Gemini to external XRP Ledger addresses.

The change is relatively straightforward from a technical perspective, but it has broader significance because Singapore has become one of Gemini’s core international markets following a major restructuring of its global operations earlier in 2026.

XRP Is No Longer Limited to Gemini’s Custody Environment

The most immediate change is greater control over how Singapore users move XRP.

Eligible customers can now transfer tokens directly over the XRP Ledger rather than keeping their holdings entirely within Gemini’s infrastructure.

That allows XRP to move between Gemini accounts and self-custody wallets, external exchanges or other compatible XRPL destinations.

The exchange did not announce additional XRP trading pairs, new fee structures or different minimum transfer requirements alongside the launch.

The expansion is therefore focused specifically on blockchain transfer functionality rather than changes to XRP trading.

Users Need to Verify XRP Ledger Transfer Details Carefully

Native transfers also introduce responsibilities that do not exist when assets remain entirely inside an exchange.

Gemini advised customers to verify the destination network, wallet address and any required destination tag before sending XRP.

Destination tags are commonly used by exchanges and other custodial services on XRPL to identify individual users behind a shared receiving address.

An incorrect address, missing destination tag or use of an unsupported network could lead to funds being lost or becoming difficult to recover.

The new functionality therefore increases flexibility while placing more responsibility on the sender.

Singapore Customers Already Have Broad Crypto Access

Gemini already allows customers in Singapore to fund their accounts using Singapore dollars and offers access to more than 70 cryptocurrencies.

Adding native XRP deposits and withdrawals makes the token more useful within that broader offering.

Instead of treating XRP solely as an asset to buy and hold on Gemini, customers can now use the exchange as an entry or exit point to the XRP Ledger itself.

That distinction matters as exchanges increasingly compete not only on the number of listed tokens but also on how fully they support the underlying blockchain networks.

The Launch Comes After an Earlier XRPL Interruption Was Resolved

Gemini’s status page had previously shown an interruption affecting XRP Ledger transfers.

That issue had been marked as resolved before the Singapore rollout, and no new outage associated with the launch was listed when checked.

Operational reliability is particularly important for deposit and withdrawal functionality because trading access can remain available even when blockchain transfers are temporarily unavailable.

The fact that the earlier interruption had been resolved allowed the new Singapore functionality to launch without a reported network-service disruption.

Singapore Has Become Strategically More Important to Gemini

The XRP expansion comes after Gemini narrowed its international footprint earlier in 2026.

The company consolidated operations around the United States and Singapore while exiting the United Kingdom, European Union and Australia.

That restructuring also included plans to reduce the global workforce by as many as 200 positions.

Against that backdrop, adding functionality in Singapore carries more strategic weight than a routine product update.

The country is now one of only two markets around which Gemini has organized its continuing international operations.

Gemini Is Still Working Toward Full MPI Approval

Gemini Digital Payments Singapore received in-principle approval from the Monetary Authority of Singapore in October 2024 for its application for a Major Payment Institution license.

That status is significant but should not be confused with final licensing.

An in-principle approval indicates that the regulator has moved the application forward, but Gemini has not announced that final approval has been granted.

The exchange continues working with the Monetary Authority of Singapore on the application, and no final approval date has been disclosed.

Singapore Is Also Important to Ripple

Gemini’s XRP expansion takes place in a jurisdiction where Ripple has also been strengthening its regulated presence.

The Monetary Authority of Singapore previously approved broader payment activities under Ripple’s license, allowing the company to expand the scope of its regulated payment services in the country.

That does not directly change Gemini’s regulatory status, but it creates a more developed institutional environment around Ripple-related products and XRP Ledger infrastructure.

Singapore has therefore become relevant to both sides of the integration: Gemini as the exchange and Ripple as a major participant in the broader XRPL ecosystem.

Gemini Has Been Expanding XRP Beyond Spot Trading

The Singapore transfer launch is part of a wider series of XRP-related additions.

In July, Gemini added XRP to its derivatives cross-collateral pool.

Eligible derivatives customers can now use XRP alongside Bitcoin, Ether, Tether and Gemini Dollar to contribute toward margin requirements.

Cross-collateral support does not automatically increase customers’ XRP holdings.

Instead, it allows qualifying users to use XRP as collateral for derivatives positions, introducing additional liquidation risk if the value of the collateral falls or the trading position moves adversely.

Gemini Has Also Integrated XRP Into Its Credit Card Products

Gemini and Ripple previously introduced an XRP edition of the Gemini Credit Card for eligible U.S. customers.

The card offers up to 4% back in XRP on qualifying fuel, electric vehicle charging and rideshare purchases.

Gemini also published a historical calculation showing that users who earned XRP rewards between October 2021 and July 2024 and continued holding them through July 2025 experienced a 453% increase in the value of those rewards.

That figure applies only to that specific historical period and group of users.

It is not a forecast of future XRP performance.

XRPL Already Supports Gemini’s RLUSD Transfers

Gemini’s relationship with the XRP Ledger extends beyond XRP itself.

In December 2025, the exchange enabled deposits and withdrawals of Ripple USD through XRPL.

RLUSD is Ripple’s dollar-backed stablecoin and operates on both the XRP Ledger and Ethereum.

Supporting both XRP and RLUSD through XRPL gives Gemini broader connectivity to Ripple-related blockchain infrastructure rather than limiting its integration to a single asset.

RLUSD Is Also Being Tested for Card Settlement

Ripple, Mastercard, WebBank and Gemini have also been testing RLUSD as a settlement asset for Gemini Credit Card transactions.

The project is designed to evaluate whether a regulated stablecoin can facilitate settlement between a card network and an issuing bank using a public blockchain.

That initiative remains separate from the XRP transfer rollout in Singapore.

Gemini did not announce a new RLUSD settlement deployment as part of the Aug. 25 update.

The Singapore Launch Does Not Signal a Wider Asian Rollout Yet

Gemini has not published adoption targets for the new XRP transfer service.

It also has not announced a schedule for expanding the same functionality into additional Asian markets.

The current rollout should therefore be understood as a Singapore-specific product expansion rather than the first confirmed phase of a regional deployment.

Future expansion would require separate announcements.

No XRP Price Move Was Reliably Linked to the News

There was no distinct XRP market movement that could be reliably attributed to Gemini’s announcement.

That is important because exchange integrations do not necessarily create immediate price effects.

The more measurable impact will come from actual usage.

If Gemini later reports higher XRP deposit, withdrawal or trading volumes in Singapore, investors and users will have a clearer indication of how much demand the new functionality generated.

Conclusion

Gemini has expanded its Singapore XRP offering by enabling deposits and withdrawals through the XRP Ledger.

The change allows eligible users to move XRP between Gemini and external blockchain addresses, extending the exchange’s local service beyond buying, selling and custody.

The launch also fits into a broader strategy in which Singapore has become one of Gemini’s main operating markets and XRP has gained a larger role across the company’s derivatives, payments and blockchain-transfer products.

Final Takeaway

The significance of Gemini’s XRP rollout in Singapore is not a new token listing but a deeper level of network access. Customers can now move XRP directly on XRPL instead of keeping it inside the exchange. Combined with Gemini’s Singapore regulatory ambitions and its growing support for XRP and RLUSD, the integration strengthens the exchange’s connection to the broader Ripple ecosystem without yet signaling a wider Asian expansion.