• bitcoinBitcoin(BTC)$95,809.00-1.05%
  • ethereumEthereum(ETH)$2,809.812.72%
  • rippleXRP(XRP)$2.56-1.32%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$656.820.20%
  • solanaSolana(SOL)$169.39-2.64%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2448160.16%
  • cardanoCardano(ADA)$0.780.58%
  • staked-etherLido Staked Ether(STETH)$2,807.142.78%
  • bitcoinBitcoin(BTC)$95,809.00-1.05%
  • ethereumEthereum(ETH)$2,809.812.72%
  • rippleXRP(XRP)$2.56-1.32%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$656.820.20%
  • solanaSolana(SOL)$169.39-2.64%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2448160.16%
  • cardanoCardano(ADA)$0.780.58%
  • staked-etherLido Staked Ether(STETH)$2,807.142.78%

Gemini Enters Singaporean Market Through MPI License Approval

October 30, 2024

Gemini, the cryptocurrency exchange established by Tyler and Cameron Winklevoss, has obtained preliminary approval for its Major Payment Institution license application in Singapore as part of its expansion efforts in Asia. Strongly Committed In an official statement released on Tuesday, the company noted that this initial endorsement by the Monetary Authority of Singapore highlights its commitment to the Singaporean market, which has been central to its operations in the Asia-Pacific region. The MPI license permits exchanges to offer cross-border money transfer and cryptocurrency payment services. Since setting up their regional headquarters in Singapore, Gemini has prioritized expanding its presence worldwide, ensuring a localized, secure, and compliant trading experience for users throughout the region. Continued Expansion The update regarding the license application follows the appointment of Saad Ahmed as the head of APAC in January. Ahmed has previously held leadership positions at Uber and Grab in the area. In June of the previous year, Gemini revealed plans to enhance its hub in Singapore to target the Asian market while exploring opportunities beyond the U.S. The company reiterated on Tuesday that it continues to grow its team in Singapore, particularly focusing on talent in growth support and compliance. In related news, a recent report by Aspen Digital indicated that 76% of private wealth in Asia has engaged with digital assets, with an additional 18% intending to invest in the future.

Editor’s Picks

Bybit Hacked, Loses $1.4 Billion Worth Of ETH

Trump Orders Immediate Fort Knox Gold Audit

What’s Holding Back The Dogecoin Rally?

WikiLeaks Receives Ethereum Donation From ‘Mind Control’ Conspiracist

Editor’s Picks

PlanB Moves Bitcoin Holdings To ETFs

Web3 Fundraising: 10th – 16th February 2025

Argentine President Faces Backlash After Promoting LIBRA

Coinbase Finally Lists POPCAT & PENGU