BDACS in South Korea Officially Provides Ripple (XRP) Custody Services, What are the Details?
Jakarta, Pintu News – Ripple , one of the most liquid cryptocurrencies in South Korea, has now been officially accepted by BDACS, a regulated digital asset custody service. This allows institutions such as banks and large investment firms in Korea to safely and legally store and use Ripple (XRP).
Check out the full information in this article!
BDACS Custody Service for Ripple (XRP)
BDACS is pleased to announce custody support for Ripple (XRP), which is one of the most popular digital assets in Korea. This launch strengthens the long-term partnership with Ripple and confirms BDACS’ commitment to the Korean market.
BDACS has integrated with leading crypto exchanges in Korea such as Upbit, Coinone, and Korbit, allowing institutions to use Ripple (XRP) on all these exchanges without violating local regulations.
Previously, institutions in Korea had to access Ripple (XRP) through overseas services or partially. Now, thanks to BDACS, they can access it directly under Korean domestic law. This provides convenience and security for major players looking to transact with Ripple (XRP).
Also read: 3 Crypto that Greened Up at the Beginning of August 2025, Soared Up to 70%?
Ripple (XRP) Ruled the South Korean Crypto Market
Ripple (XRP) remains the crypto market leader in South Korea, being one of the most traded assets on major exchanges. On Upbit, Ripple (XRP) accounts for over 19% of the trading volume, approximately $671 million per day.
On Bithumb, this asset accounts for 16% with around $242 million per day in trading. This move shows increased cooperation between Ripple and Korean institutions. Ripple is now in a better position to expand its operations in Korea more seamlessly, utilizing existing infrastructure rather than creating new ones.
Effect of Adding Ripple (XRP) on BDACS
The addition of Ripple (XRP) in BDACS services is a big step for Ripple and the crypto market in South Korea. It makes institutional adoption of Ripple (XRP) more viable and regulated, strengthening its position in the country’s crypto market. With strong regulatory support, Ripple (XRP) is expected to continue to grow and become a top choice for institutional investors in Korea.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- Crypto Times. BDACS Unveils Regulated XRP Custody in South Korea. Accessed on August 4, 2025
- Featured Image: Generated by Ai
