Gemini has enabled XRP transfers via the XRP Ledger for its Singapore users, adding native XRPL support to the exchange's regulated operations in the city-state.
What This Means for Users
Singapore-based Gemini users can now send and receive XRP directly on the XRP Ledger through their exchange accounts. Previously, XRP transfers on Gemini relied on the exchange's internal infrastructure. Native XRPL support means that withdrawals and deposits will settle directly on the XRP Ledger, reducing intermediary steps and giving users more control over their transactions.
The integration allows Gemini Singapore users to interact directly with the broader XRP ecosystem, including decentralized applications, payment channels and cross-border remittance services built on the XRPL. Users can withdraw XRP to any XRPL wallet address and receive XRP from any XRPL account.
Why Singapore?
Gemini operates in Singapore under the Payment Services Act, which provides a regulatory framework for digital payment token services. The Monetary Authority of Singapore has established clear guidelines for cryptocurrency exchanges, making the jurisdiction attractive for crypto businesses seeking regulatory certainty.
By enabling XRPL transfers specifically in Singapore, Gemini is leveraging the jurisdiction's regulatory clarity to offer enhanced functionality to users in that market. The exchange may expand XRPL support to other jurisdictions as regulatory conditions permit.
XRP's Growing Utility
The integration comes as XRP has experienced significant price momentum, with a 50% weekly surge driven by developments including seven spot XRP ETFs and $1.4 billion in flows. XRP has been rallying amid growing institutional interest and regulatory clarity following the SEC settlement with Ripple.
Native XRPL support on a major exchange like Gemini adds another utility dimension to XRP, making it easier for users to access the ledger's payment and remittance features. The XRP Ledger is designed for fast, low-cost cross-border payments, and direct exchange integration reduces friction for users who want to use XRP for its intended purpose.
The Competitive Landscape
Gemini's move follows similar XRPL integrations by other exchanges seeking to offer native blockchain support for popular cryptocurrencies. As regulatory frameworks mature, exchanges are increasingly adding native blockchain support for major cryptocurrencies, moving beyond internal ledger entries to actual onchain settlement.
The integration also positions Gemini competitively in Singapore's crypto market, where exchanges are differentiating themselves through the breadth of their blockchain support and the quality of their regulated services.
