XRP News Today: South Korea Institutional Custodian BDACS Launches XRP Services Boosting Liquidity

South Korea's digital asset custody provider, BDACS, has made a significant move by announcing the availability of institutional-grade custody services for Ripple’s native token, XRP [1]. This development marks a key milestone, as it enables institutional investors to legally and securely hold XRP within the country, positioning it as one of the most liquid crypto assets in the South Korean market. The integration of XRP into BDACS’s platform underscores growing institutional confidence in the asset and reflects the broader adoption of digital currencies in the region.

BDACS expressed enthusiasm over the addition of XRP, noting that it is one of the most popular digital assets in South Korea and a key offering for its institutional clients [1]. The company emphasized that the launch strengthens its longstanding partnership with Ripple and highlights its ongoing commitment to supporting the South Korean crypto ecosystem. Additionally, BDACS has recently integrated with the country’s leading exchanges, including Upbit, Coinone, and Korbit, allowing users to access and utilize XRP across these major platforms [1].

The increasing presence of XRP in South Korea is further supported by its frequent appearance as a top-trading-volume asset on major exchanges such as Upbit and Bithumb [1]. This trend highlights the token’s growing popularity among retail and institutional investors alike. The move by BDACS to offer institutional-grade custody services for XRP aligns with a broader trend of financial institutions seeking to provide regulated and secure infrastructure for digital asset investments.

As more regulated custodians and exchanges in South Korea expand their offerings to include XRP, the asset is likely to see increased institutional participation and liquidity. This development could influence broader market dynamics, particularly in an environment where digital asset adoption is accelerating. However, as with all crypto assets, XRP remains subject to regulatory scrutiny and market volatility, and investors are advised to conduct their due diligence.

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[1] title: XRP Craze Hits South Korea, Official Institution Announces Bullish XRP Development (url: https://coinmarketcap.com/community/articles/6892f65aab637948cc1a226e/)