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South Korea's regulated digital asset custody provider, BDACS, announced that it has begun offering institutional-grade custody services for Ripple ($XRP).
This development allows $XRP to be stored legally and securely as one of the most liquid crypto assets in the country.
BDACS announced that $XRP is now officially available on its platform, stating, “We are very excited to offer custody support for $XRP, one of the most popular digital assets in South Korea, to our institutional clients.” The company also stated that this integration strengthens their long-standing partnership with Ripple and demonstrates their commitment to the South Korean market.
BDACS has recently integrated with South Korea's leading cryptocurrency exchanges Upbit, Coinone, and Korbit, allowing its customers to use $XRP legally on these major platforms.
$XRP is known for often ranking first in terms of trading volume on South Korea's largest cryptocurrency exchanges, Upbit and Bithumb.
*This is not investment advice.