Singaporeans will now be able to get their feet wet into crypto with the launch of one of the world’s largest crypto exchange, based in the U.S. Gemini Exchange has announced its offering in Singapore with a key highlight of supporting the Singapore Dollar (SGD).
An initial 20 tokens will be available to trade. Popular cryptocurrencies and tokens like Bitcoin, Ethereum and Bitcoin Cash are available. A notable feature is the availability of many leading DeFi tokens such as Chainlink, Maker, Compound, Aave, Balancer, Curve, Yearn.finance and UniSwap.
Leveraging on Singapore’s nationwide Single Sign On framework known as SingPass, Gemini offers easy onboarding of new registrants with a valid SingPass account.
Singaporeans can fund their Gemini accounts with debit cards or via bank transfer. Withdrawals to their bank accounts are also seamless.
As of this writing, Stablecoins like USDT and Gemini’s own USDC are not supported.
Singapore is a financial epicenter in the heart of Asia and is a fast-growing market for cryptocurrency. Singaporeis one of our biggest markets and supporting SGD is another exciting milestone on our mission to empower the individual through crypto.”Tyler Winklevoss, Gemini CEO
Gemini continues to expand internationally, launching last year in the UK and adding support for Pound Sterling (GBP), Hong Kong dollar (HKD), Canadian dollar (CAD), and Australian dollar (AUD), and has experienced tremendous growth.
Gemini Asia Pacific is headquartered in Singapore.
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