Gemini has officially announced a giveaway for users in Singapore.
Giveaway for Singapore users
Win $100 worth of Gemini products and a pair of tickets to an exclusive spin class at Aurora Spin Studio happening on September 25th 2021, 2:30PM-4PM SGT!
Rules below pic.twitter.com/ts20qHuyXN
— Gemini (@Gemini) September 10, 2021
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 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.