Paxos Crypto Brokerage adds XRP trading and custody for institutional partners
Paxos added XRP to its Crypto Brokerage platform for institutional partners, extending support to trading and custody through APIs on the XRP Ledger. The rollout also lets partners offer XRP buying, selling, holding, deposits, withdrawals, and transfers through Paxos infrastructure. Paxos described XRP as a token held across more than 8.1 million wallets.
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Institutional partners using Paxos now have access to XRP trading, custody, and transfer functions on the brokerage platform, so those services are available through a regulated infrastructure rather than only outside it. For users who reach XRP through those partners, the change is visible in the available product set tomorrow morning, while the underlying asset and ledger stay the same. This follows from the platform update described in the brokerage coverage.
In practice, partner businesses can now offer XRP buying, selling, custody, deposits, and withdrawals through Paxos infrastructure, which means those actions are listed as supported functions on the brokerage setup. What does not change is that the access runs through partners and APIs on the XRP Ledger, rather than replacing those channels. That distinction is spelled out in the platform description.
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 10 days ago | Ripple (XRP) Scores Another Major Wall Street Win With Brevan Howard event | 1 actors in common · 16 news media |
| 17 days ago | Brazil’s CSD BR partners with Ripple to mirror securities records on XRP Ledger event | 1 actors in common · 16 news media |