Singapore attracts major cryptocurrency platforms with its favorable regulatory environment. The Gemini exchange has received preliminary approval from the Monetary Authority of Singapore (MAS) to provide cross-border transfer and digital payment token services.
This approval aligns with Gemini's global expansion strategy, particularly in the Asia-Pacific market. Since opening its office in Singapore, the company has been actively expanding its presence, offering a secure and regulated trading experience for local users.
Saad Ahmed, Head of APAC at Gemini, noted that Singapore has become the company's largest market outside the United States, and the new regulatory approval will help further development. As part of this plan, Gemini plans to double the number of employees in Singapore and expand its office space.
Singapore has established itself as an attractive hub for cryptocurrency companies due to clear and transparent rules that support industry growth.
