Ripple’s XRP Reach Widens as Paxos Adds 8.1M+ Wallets, With Evernorth Set for Monday Nasdaq Debut

XRP continues to gain steam in the mainstream and institutional crypto market arena after Paxos Crypto Brokerage added support for the digital asset. 

Paxos Crypto Brokerage, a regulated infrastructure provider powering crypto services for major companies including PayPal, Venmo, Interactive Brokers, Charles Schwab and Mercado Libre, will now let its partners offer XRP to customers. 

Why is this integration ideal? It will let brokerage partners offer XRP buying, selling, holding, deposits, and withdrawals through the Paxos platform.

XRP is now held across more than 8.1 million wallets, while its market capitalization stands at nearly $95 billion. 

As established financial institutions increasingly integrate crypto services, adding XRP to Paxos’ infrastructure could expand its reach among users who might otherwise have limited access to the token. 

XRP Continues to Gather Attention

Evernorth, the largest public XRP treasury company, posted an update on X (formerly Twitter) about its planned merger and Nasdaq debut. 

The company acknowledged that an administrative delay pushed the expected closing to Friday, October 9, and that XRPN is expected to begin trading on Nasdaq on Monday, October 12, subject to customary closing conditions and Nasdaq listing requirements. Notably, XRPN is Evernorth’s Nasdaq stock ticker.

Furthermore, a welcome move was unfolding after Evernorth acknowledged that Armada II shareholders had already approved the merger, with the remaining process being satisfaction of Nasdaq’s listing requirements. 

Meanwhile, speculation surrounding a potential Ripple-SWIFT connection dominated conversations across the XRP community earlier this month. 

More notably, the rumor suggested a possible alliance between Ripple and SWIFT, which triggered a wave of excitement across social media, as reported by ZyCrypto.