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      Paxos Expands Offerings with XRP Trading and Custody for Institutions

      Paxos, a trust bank regulated by the Office of the Comptroller of the Currency in the United States, has announced the addition of XRP to its Crypto Brokerage platform, effective October 7, 2026. This integration allows financial institutions partnering with Paxos to trade and utilize XRP through a compliant infrastructure, enhancing access to one of the most widely held digital assets in the market.

      XRP, which has been in circulation since 2012, boasts a market capitalization of nearly $95 billion and is held in over 8.1 million wallets. The decision to include XRP aligns with Paxos' strategy of focusing on high-demand assets, as the company has expanded its asset offerings from 12 at the beginning of 2026 to between 25 and 29 currently, emphasizing a selective approach to asset inclusion.

      The addition of XRP is significant for Paxos' institutional partners, as it allows them to offer exposure to the token without the need to develop separate infrastructure or seek additional providers. This move is indicative of a growing acceptance of digital assets like XRP within traditional financial services, which could enhance liquidity and price stability for such assets. Furthermore, the inclusion of XRP may attract retail investors who prefer regulated environments, indirectly reaching them through the institutions that collaborate with Paxos.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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