On Jan. 25, Gemini announced a roll-out of several new features for its platform in Singapore, including the support of the Singapore dollar on mobile and desktop. According to the announcement, Gemini customers in Singapore can now use a debit card to buy crypto with Singapore dollars as well as use electronic funds transfer service FAST to make deposits on Gemini.
According to Cointelegraph, in a move to support the development of local decentralized finance, Gemini now allows Singaporeans to trade major DeFi tokens like Yearn.Finance (YFI), Uniswap (UI) and Filecoin (FIL). Gemini’s platform in Singapore supports a total of 20 tokens including Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and others.
Gemini has also integrated with local data services, such as Singapore Personal Access or MyInfoefforts to provide a more localized experience for its customers in Singapore.
The firm has established a local office and completed a series of senior hires, including ex-Leonteq Asia exec Jeremy Ng as Gemini’s head of Asia, former APAC financial crimes legal counsel Andy Meehan as chief compliance officer. Eugene Ng, a former derivatives sales executive at Deutsche Bank, joined Gemini’s Singapore office as head of business development.
Gemini CEO Tyler Winklevoss stated that Singapore is a financial epicenter and the “heart of Asia and is a fast-growing market for cryptocurrency.”