Woofun AI reports that Gemini has activated XRP deposit and withdrawal capabilities for verified users in Singapore, a strategic expansion announced by the platform's co-founder and CEO. The functionality operates exclusively through the XRP Ledger, marking a significant shift from previous restrictions that confined the asset to internal trading and custody.

The technical rollout commenced on Tuesday, August 25, requiring users to input both an X-Address and a Destination Tag for incoming transfers. This protocol stems from the shared-wallet architecture employed to manage customer funds, ensuring precise allocation within the system. For withdrawals to centralized platforms, the destination code remains mandatory to prevent loss of funds, whereas transfers to self-custody wallets or external services without shared custody flag the tag as optional.

Woofun AI data shows that trading fee structures and minimum order sizes for XRP pairs remain unchanged, with the update focused solely on infrastructure connectivity for on-chain settlement on the main network. Users are warned that transactions executed across unsupported networks cannot be recovered by customer support, emphasizing the critical nature of adhering to specified technical parameters during transfers.

This operational milestone aligns with Gemini Digital Payments Singapore securing in-principle approval for a Major Payment Institution license from the Monetary Authority of Singapore in October 2024. The firm is navigating final regulatory requirements in the Asian jurisdiction, following a strategic restructuring in early 2026 that consolidated operations in the US and Singapore after winding down activities in the United Kingdom, the European Union, and Australia, which involved laying off approximately 200 employees.

Market context reveals that the Monetary Authority of Singapore also granted Ripple permission to expand regulated payment services, connecting Gemini's infrastructure with Ripple's institutional push in Southeast Asia. This complements earlier integrations, including adding XRP to the cross-collateral derivatives pool alongside Bitcoin, Ether, Tether, and Gemini Dollar in July 2026, and supporting RLUSD stablecoin deposits and withdrawals on the XRP Ledger in December 2025.

The broader adoption of these services will be quantified by transfer volume metrics released at the close of the current fiscal quarter. This integration solidifies Gemini's position in the Asian market, leveraging regulatory clarity to enhance liquidity and user access to the Ripple ecosystem.