Paxos Adds XRP Trading and Custody for Institutional Partners
The Crypto Brokerage platform supports XRP trading, custody and transfers through APIs on the XRP Ledger.
Paxos has added XRP trading and custody to its Crypto Brokerage platform, giving institutional partners API access to buy, sell, deposit, withdraw and hold the asset on the XRP Ledger.
The platform now supports XRP for both trading and custody. Paxos Crypto Brokerage combines custody, trading, settlement and API access for institutional partners.
Paxos said June 16 that its brokerage platform supported 29 assets and was targeting much of the top 50 tokens by market capitalization by year-end. The company reviews supported assets for demand, liquidity and regulatory considerations.
“Demand gets an asset on our radar. Liquidity and regulatory clarity get it onto the platform,” Paxos said.
“Every asset clears the same structured review before it goes live,” the company said.
Paxos operates as a national trust bank under the oversight of the Office of the Comptroller of the Currency (OCC).
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.