Gemini Expands in Singapore With Local Currency, DeFi Tokens

  • Crypto exchange Gemini has increased its Singapore offering.
  • The company has established a local office, added support for SGD, and launched trading for DeFi lending tokens.

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Cryptocurrency exchange Gemini announced the launch of several new products and features available to its customers in Singapore.

According to the company’s press release, Gemini has added support for the Singapore dollar (SGD). Customers in Singapore can now purchase crypto with SGD with their debit cards or use FAST, a local money transferring service, to deposit SGD into their Gemini accounts. 

Tyler Winklevoss, the CEO of Gemini, said that aside from being a financial epicenter of Asia, Singapore was also a fast-growing market for cryptocurrencies.

“Singapore is one of our biggest markets and supporting SGD is another exciting milestone on our mission to empower the individual through crypto,” he said in the company’s press release.

Aside from support for SGD, Gemini has also introduced lending DeFi tokens to its offering. Customers in Singapore can now trade tokens such as Yearn.Finance (YFI), Uniswap (UNI), and Filecoin (FIL). 

To support the launch of new products and features, Gemini has also established a local office in Singapore, appointing Jeremy Ng as Head of Asia, Andy Meehan as Chief Compliance Officer, and Eugene Ng as the Head of Business Development for the region.

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