The Winklevoss twins have been rolling out several developments with regard to its cryptocurrency exchange Gemini. The platform has managed to stay relevant despite the great loss the COVID-19 pandemic had cast upon the entire world. Gemini even went on to reveal that it considered going public like another popular crypto exchange, Coinbase.
Gemini To Venture Into Asia
Several platforms figured that Asia was a promising market for cryptocurrencies. Gemini went all out with regard to its new venture. In a recent press release, Gemini revealed that it was moving into Singapore with an array of features. The platform started off by onboarding the Singapore Dollar [SGD] for both the desktop as well as the mobile application.
With this option, users would be able to purchase crypto with SGD through a debit card or even FAST transfers. Users from Singapore could even employ MyInfo through SingPass to auto-fill registration forms of Gemini accounts.
Singapore has been a hopeful market for many. OKCoin, a crypto exchange from San Fransisco recently revealed that it was diving into Singapore with a new office. Speaking about the potentials of Singapore, Gemini’s CEO and co-founder, Tyler Winklevoss said,
“Singapore is a financial epicenter in the heart of Asia and is a fast-growing market for cryptocurrency. Singapore is one of our biggest markets and supporting SGD is another exciting milestone on our mission to empower the individual through crypto.”
Additionally, the crypto exchange even set up an Asia Pacific office in Singapore. The office is reportedly hiring for several roles. The Head of Asia, Jeremy Ng suggested that the team was focused on localizing the exchange’s products to comply with both institutional as well as retail users. Ng added,
“We will continue to build out our presence and are aggressively hiring top calibre talent to join our mission to empower the individual through crypto.”