Uphold May Enter the Market, Wagering Significantly on XRP-Admiring Americans
Uphold, the trading network enabling users to exchange everything from BTC to gold, could be making its way to Wall Street. The firm is currently considering an IPO or an acquisition, and it’s engaging with one of the most vocal factions in the crypto space, the XRP community. An Uphold IPO would join another crypto-centric entity on Wall Street, fueled by a passionately devoted user group.
IPO? Sale? Something Major Is on the Horizon
Rumors suggest that Uphold has enlisted FT Partners to strategize their next moves. They are weighing two options: go public in the U.S. or sell the business entirely. Both avenues could result in a valuation exceeding $1.5 billion, marking a significant achievement in a climate where many companies have struggled.
JUST IN: Uphold exploring IPO while courting XRP-avid US consumers, CEO says
— Crypto Update (@CryptoNewsAnon) June 9, 2025
This development follows a series of crypto firms venturing into public markets. Circle has just set its IPO pricing, and Gemini has made a confidential filing. Clearly, crypto companies are recognizing a reopening window, and Uphold is poised to take full advantage.
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Why XRP Takes Center Stage
Here’s the intriguing part. While a majority of crypto companies are still hesitant regarding XRP, Uphold is fully committed. In 2020, when the SEC challenged Ripple, numerous platforms removed XRP from their offerings. Not Uphold. They maintained it for U.S. customers throughout.
With Ripple achieving partial victories in court, XRP is making a comeback. Trading volume recently approached three billion dollars in just one day. Uphold recognizes this dedicated community’s passion and is leveraging that enthusiasm to fuel interest in a forthcoming IPO.
Crypto’s Resurgence Makes This an Opportune Time
The timing here is intentional. The crypto landscape is beginning to bounce back. BTC is nearing its previous highs, and institutional interest is resurging. Simultaneously, U.S. regulators are starting to establish clearer regulations for crypto markets.
Circle demonstrated that a straightforward crypto IPO can succeed, particularly when there’s a well-defined product and revenue strategy in place. Uphold might be aiming to ride that momentum, especially as the chaotic SPAC era appears to be waning.
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An Insightful Look at Uphold’s Strategy
Uphold was established in 2015 and has evolved into a dependable multi-asset trading platform. It allows users to manage crypto, fiat, and even tokenized gold, all within a single account. It’s not flashy, but it’s effective, and for many users, that’s sufficient.
What sets them apart is their steadfast support for XRP in the U.S. Even when other platforms were withdrawing, Uphold fully embraced that crypto market. They’ve developed tools, offered insights, and maintained consistency. That may not capture the headlines daily, but it certainly fosters trust.
What to Anticipate Moving Forward
Currently, nothing is finalized. IPOs require time, and a sale would present its complexities. However, indications are present. Uphold is gauging the sentiment, and if the XRP community rallies, that could provide the company with the necessary momentum.
This may also motivate other crypto platforms to follow a similar trajectory. If Uphold succeeds, it may not be the only trading protocol to go public this year. The upcoming wave of crypto IPOs could be driven more by committed users than by hype.
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Key Takeaways
- Uphold is considering an IPO or possible acquisition, targeting a valuation over $1.5 billion with assistance from FT Partners.
- The firm has garnered significant price floor from the XRP community by continuing to offer the coin throughout Ripple’s legal challenges.
- With the trading market on the rise and clearer regulations emerging in the U.S., Uphold sees an opportunity to go public.
- Uphold provides a multi-asset network that supports crypto, fiat, and tokenized commodities such as gold, differentiating it from conventional exchanges.
- A successful public listing could pave the way for other crypto entities to follow suit, with loyalty-driven communities playing a crucial role.
The post Uphold May Go Public, Betting Big on XRP-Loving Americans appeared first on 99Bitcoins.
