Paxos Crypto Brokerage adds XRP support as token nears $95B market cap

AI Market Summary
Paxos Crypto Brokerage adding support for XRP expands regulated distribution channels for a large-cap token, potentially improving institutional and fintech access via partners already integrated with Paxos. The announcement can bolster near-term liquidity and on-ramps for XRP by lowering operational and compliance friction for intermediaries, reinforcing XRP's position within regulated crypto market infrastructure.
Impact level
● Medium
Affected assets
XRP/USDT-2.08%
AI Insight · XRP/USDTAI Insight
▲ Bullish
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Paxos Crypto Brokerage said its platform now supports XRP. The token has been in circulation since 2012 and is held across more than 8.1 million wallets, with a market capitalization of nearly $95 billion. Paxos partners can now offer XRP to clients through the company’s regulated brokerage platform.