According to CoinMeta, Gemini has announced that it has obtained a major payment institution license issued by the Singapore Monetary Authority, which allows it to provide spot trading, custody, and over-the-counter (OTC) trading services to both retail and institutional customers. Cameron Winklevoss stated that obtaining this license reflects the company's commitment to the Singapore market. Tyler Winklevoss indicates that Singapore will serve as a key regional hub for the company.