Gemini, a cryptocurrency substitution founded by the Winklevoss brothers, continues to strengthen its global presence past tapping into the Singaporean market.

On Monday, Gemini appear a roll-out of several new features for its platform in Singapore, including support for the Singapore dollar on mobile and desktop. According to the annunciation, Gemini customers in Singapore can now employ a debit card to buy crypto with Singapore dollars likewise as use electronic funds transfer service FAST to brand deposits on Gemini.

In a motility to support the evolution of local decentralized finance, Gemini now also allows Singaporeans to trade major DeFi tokens similar Yearn.finance's YFI, Uniswap's UNI and Filecoin (FIL). Gemini's platform in Singapore supports a full of 20 tokens including Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and others.

Gemini has also integrated with local information services like Singapore Personal Admission and MyInfo to provide a more localized feel for its customers in Singapore.

The company has also established a local office and completed a series of senior hires, including ex-Leonteq Asia executive Jeremy Ng every bit Gemini'south caput of Asia, former Asia-Pacific fiscal crimes legal counsel Andy Meehan as master compliance officeholder. Eugene Ng, a former derivatives sales executive at Deutsche Bank, joined Gemini'south Singapore part as caput of business development.

Gemini CEO Tyler Winklevoss said that Singapore is a financial epicenter and the "heart of Asia and is a fast-growing market for cryptocurrency."

Every bit reported past Cointelegraph, Singapore has emerged every bit a major global hub for cryptocurrency exchanges, firms and blockchain enterprises in the Asia-Pacific region. The country's regulators are known for their crypto-friendly stance, including zippo upper-case letter gains revenue enhancement on crypto income. In late 2020, Singapore'south largest bank, DBS, officially appear the development of a new crypto exchange division.