Altcoins News
By Steven Anderson
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Uphold, one of the leading U.S.-based cryptocurrency exchanges, has once again emphasized its dedication to XRP holders.
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Uphold ranks among the top four largest holders of XRP, just behind Ripple. One of its wallets currently holds 1.579 billion XRP, valued at nearly $5 billion.
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Despite the substantial volume, McLoughlin clarified that these tokens are not the exchange’s own holdings. Instead, they belong to customers who entrust their assets to Uphold.
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Uphold’s credibility among XRP users stems from its consistent support during challenging periods for the cryptocurrency.
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McLoughlin explained that legal advice guided the decision to maintain XRP trading. Former SEC official Mike Zupon advised that since the court had not yet ruled on the case, XRP…
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This decision contrasted sharply with other exchanges that delisted XRP, and it earned Uphold a reputation for reliability and user trust.
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The impact of Uphold’s commitment is evident in the platform’s crypto custody statistics. XRP now represents the largest crypto asset under Uphold’s control, surpassing Bitcoin…
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Users’ Bitcoin holdings on Uphold are worth $506.6 million.
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This unusual dominance highlights the level of trust and faith users place in Uphold’s handling of XRP, distinguishing the exchange from others in the U.S. market.
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McLoughlin emphasized that Uphold’s approach is built on trust, not hype. Unlike many platforms that chase short-term speculative trends, Uphold prioritizes long-term reliability…
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Several factors contribute to XRP holders’ preference for Uphold:
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Legal Prudence: Uphold navigated the Ripple lawsuit responsibly, continuing XRP support when other exchanges hesitated.
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Security and Custody: By keeping customer assets separate and clearly distinguishing custody from proprietary holdings, Uphold reinforces confidence.
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Transparency: Open communication about holdings and policies builds trust with users.
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Accessibility: Even during turbulent periods, Uphold provided a stable platform for trading and managing XRP.
The Currency Analytics
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