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A giveaway from Gemini for users in Singapore
A giveaway from Gemini for users in Singapore
Crypto

A giveaway from Gemini for users in Singapore

By Marco Cavicchioli - 10 Sep 2021

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Gemini has officially announced a giveaway for users in Singapore. 

The crypto exchange will give away $100 in Gemini products and two tickets to a spin class on 25 September at Aurora Spin Studio.

Gemini is targeting the market in Singapore

Gemini giveaway, curious initiative in a country where the exchange is not yet widespread

Singapore is one of the leading financial centres in Asia, even though it is a state with a population of just over 5 million.

Gemini is targeting that market, and through promotional initiatives is aiming to position itself in Asia.

The exchange was founded in 2013 in New York by the Winklevoss twins, and operates mainly in the US market. It is one of the few crypto exchanges that is also fully compliant with the strict laws of the State of New York.

It has always been very active in terms of marketing and communication, and this new initiative seems to indicate a clear desire to begin to spread in Asia, particularly in the main financial markets.

Receive bonuses by simply participating in the initiative

To take part in the initiative and receive bonuses, you need to be a Singaporean citizen, subscribe to the official Telegram channel of the exchange for Asia/Pacific, and tag a friend with a comment on the official tweet launching the initiative.

Participation is very easy, revealing that the initiative is aimed at a wide audience.

According to data from Localbitcoins, bitcoin volumes in Singapore are not particularly high overall, but compared to the country’s low population, they are much higher than in the US.

Singapore is not only a major financial centre, but also a crypto-friendly country where many crypto companies have begun to operate, and one of the world’s leaders of fintech. Singapore’s crypto exchanges are often used by foreign users, such as the Chinese, who have problems operating on these new markets with domestic exchanges due to government restrictions or lack of liquidity.

Although the inhabitants of the city-state are not many, it seems that more than a third own bitcoin, so potential users of Gemini’s initiative could exceed one million.

Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".

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