Gemini Obtains Major Payment Institution License in Singapore to Offer Digital Payment and Cross-Border Transfer Services
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Cryptocurrency exchange Gemini has been granted a Major Payment Institution license by the Monetary Authority of Singapore, enabling it to provide digital payment tokens and cross-border transfer services. This license supports Gemini in offering spot trading, custody, and over-the-counter trading services to both retail and institutional clients. Gemini has been serving customers in Singapore since 2020. Co-founder and President Cameron Winklevoss stated that obtaining this license reflects the company's commitment to the Singapore market. Co-founder and CEO Tyler Winklevoss mentioned that Singapore will serve as the company's regional strategic hub.
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