TL;DR:
- Gemini enabled native XRP transfers in Singapore via the XRP Ledger network on August 25, 2026.
- The feature requires the use of an X-Address and a Destination Tag for deposits into shared accounts on the platform.
- The company is concentrating its international operations in Singapore and the United States after cutting around 200 jobs globally in early 2026.
This Tuesday, August 25, the cryptocurrency exchange Gemini enabled XRP deposits and withdrawals. This feature is available via the XRP Ledger network for all verified users in Singapore.
Tyler Winklevoss, co-founder and CEO of the platform, announced the update. With this technical rollout, local customers can transfer balances directly to self-custody wallets and compatible external services, moving past the previous restriction that limited the asset strictly to trading and custody within the internal interface.
Big news for the Ripple Army in Asia. @Gemini users in Singapore 🇸🇬 can now deposit and withdraw XRP over the XRPL network.
— Tyler Winklevoss (@tyler) August 24, 2026
The operational rollout did not alter trading fee structures or minimum order sizes for XRP pairs. According to market reports, the move stems from a technical upgrade in connectivity and infrastructure for on-chain settlement on the main network.
Technical Parameters for XRP Ledger Transfers
To process incoming transfers, the platform’s technical documentation specifies that users must provide both the corresponding X-Address and the assigned Destination Tag. This requirement is due to the shared-wallet architecture the entity uses to manage customer funds.
For withdrawals to centralized platforms, entering the destination code remains mandatory to prevent loss of funds. If the transfer is routed to a private wallet without shared custody, the system protocol flags the tag as optional.
Specifications published by the company emphasize that transactions executed across unsupported networks cannot be recovered by customer support.
Global Restructuring and Singapore’s Regulatory Framework
Gemini Digital Payments Singapore secured in-principle approval for a Major Payment Institution license from the Monetary Authority of Singapore in October 2024. Corporate filings show that the legal team continues to navigate regulatory requirements to secure final licensing in the Asian jurisdiction.
This operational milestone aligns with the strategic restructuring executed by the firm in early 2026. The company consolidated its commercial operations around the US and Singapore markets after winding down operations in the United Kingdom, the European Union, and Australia—a process that included laying off approximately 200 employees across multiple divisions.
Meanwhile, the Monetary Authority of Singapore also granted Ripple permission to expand its regulated payment services across the region. Market data suggests this regulatory alignment connects Gemini’s infrastructure with the institutional expansion Ripple is actively pursuing in Southeast Asia.
The rollout of transfers in Singapore complements other recent implementations by the exchange tied to the Ripple ecosystem. In July 2026, the platform added XRP to its cross-collateral derivatives pool alongside Bitcoin, Ether, Tether, and Gemini Dollar. Earlier, in December 2025, the operator integrated technical support for deposits and withdrawals of the RLUSD stablecoin on the XRP Ledger.
The broader adoption of this service will be reflected in the transfer volume metrics the company releases at the close of the current fiscal quarter.
