Paxos Crypto Brokerage adds XRP support

Paxos Crypto Brokerage has added support for XRP, expanding the range of digital assets available through its crypto brokerage offering. The addition brings XRP into Paxos’ supported-asset lineup for institutional and business customers using the company’s infrastructure.

XRP is the native digital asset of the XRP Ledger, a blockchain network designed to facilitate transfers of value. It is widely used in the crypto market and is closely associated with Ripple, a company that develops payment-focused products and services built around blockchain technology.

For crypto platforms and financial-service providers, brokerage support can help simplify access to digital assets by providing trading and custody-related infrastructure through a regulated provider. The move reflects continued efforts by crypto infrastructure companies to broaden the assets available to their clients.