Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Paxos Adds XRP to Crypto Brokerage as Institutional Access Expands

Paxos Adds XRP to Crypto Brokerage as Institutional Access Expands

CoineditionCoinedition2026/10/07 17:57
By:Coinedition

Paxos has added XRP to its Crypto Brokerage platform, expanding regulated access to one of the largest cryptocurrencies. Institutional partners can now offer XRP trading and custody through Paxos APIs using the XRP Ledger. The expansion gives financial companies another route into crypto without requiring them to build dedicated infrastructure.

Significantly, Paxos Crypto Brokerage combines trading, custody, settlement, and API services within one platform. Banks, fintech companies, and broker-dealers can integrate these services into their existing products.

XRP has circulated since 2012 and now appears across more than 8.1 million wallets. Moreover, its large market capitalization makes it a significant addition to Paxos’ growing asset lineup.

Paxos operates as a national trust bank under oversight from the U.S. Office of the Comptroller of the Currency. The company also maintains regulatory licenses in Finland and Singapore.

Additionally, major financial platforms already use Paxos infrastructure for cryptocurrency services. Its network includes PayPal, Venmo, Interactive Brokers, Charles Schwab, and Mercado Libre.

Paxos has steadily expanded its supported cryptocurrency lineup throughout 2026. The company now supports roughly 25 to 29 assets after starting the year near 12.

Consequently, XRP strengthens that growing selection as Paxos targets leading cryptocurrencies by market capitalization. Each addition undergoes compliance review before receiving platform support.

However, XRP remains under market pressure despite the expansion. XRP trades near $1.42 after declining more than 5% during the past day.

div#ce-iframe-ads div#frame { margin: auto; text-align: center; }
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

The Shopify Stock Rally Isn't Done: Chart of the Week -- Barrons.com

By Doug Busch Shopify is no longer a pandemic-era growth story that simply failed to slow down. It is compounding at a pace few software platforms its size still manage. In the second quarter of 2026, sales on its platform rose 32%. That was the fifth straight quarter of growth exceeding 30%. Merchants are also using more of Shopify's own tools, from payments to Shop Pay, and new channels like AI shopping agents are starting to increase demand. The simple bull case is that the stock already commands a huge share of independent online commerce, and that position should become more valuable as more buying moves through its checkout. A rule of market mechanics is that the vast majority of an individual security's gain is driven by its underlying sector. Within technology, software has staged a robust recovery, joining semiconductors to power the broader sector higher. The iShares Expanded Tech-Software Sector ETF has maintained an upward trajectory since its mid-April lows, though the advance from $74 to $112 has been choppy as bulls repeatedly stepped in to defend when necessary. Breadth across large-cap software has expanded significantly, with 24 constituents surging over 20% over the past three months. During that same three-month window, Shopify generated outstanding relative strength, advancing 36%, more than doubling the IGV's 17% gain over the same period. Expect the stock's outperformance to persist as software momentum broadens. Let's examine the daily and monthly charts to outline the technical drivers behind this thesis. Looking at the daily chart, the ratio chart against the IGV shows persistent outperformance extending back to mid-May. The stock is riding an eight-session winning streak, during which price action cleared a double-bottom-with-handle pivot at $151.39. Within this broader base, the stock recorded a bullish golden cross in late August and successfully filled its Sept. 10 price gap, tracing back to its Aug. 4 session, the day before a powerful earnings reaction sent the stock surging 17% hi

Dow Jones•2026/10/09 03:10

TRexBio: IPO Of 8.3M Shares Priced at $14.00 Each >TRXB

TRexBio: IPO Of 8.3M Shares Priced at $14.00 Each >TRXB

Dow Jones•2026/10/09 01:47

Talos Energy director Barbara J. Faulkenberry files initial beneficial ownership statement

Talos Energy director Barbara J. Faulkenberry filed an initial Form 3 statement dated Oct. 1, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Talos Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-418248), on October 08, 2026, and is solely responsible for the information contained therein.

Bitget•2026/10/09 01:05