Uphold 2nd Biggest XRP Holder

Uphold, a global multi-asset trading platform, is now the second-largest holder of XRP

Olumide Adesina•Wednesday, January 1, 2025•1 min read

Uphold, a global multi-asset trading platform, is now the second-largest holder of XRP. The platform has a remarkable balance of about 2 billion XRP tokens on December 27, which affirms its dominant position in the Rippe community.

The cryptocurrency community has taken notice of this announcement because Uphold has 1,859,132,752 XRP in total second only to Ripple in this sizeable reserve.

It shows that the business strongly believes in XRP’s long-term prospects. Uphold’s dedication to preserving such a sizeable reserve indicates that it adheres to the security and transparency principles critical in digital space

The action is also anticipated to increase trust among token owners who trade and manage their assets on Uphold’s platform. It also affirms the increasing institutional adoption of XRP.

The asset continues to draw interest as platforms secure substantial reserves. The growing usage of the token for remittance services and Ripple’s continuous collaborations with financial institutions have helped the company establish a strong market position.

Uphold is a digital exchange and wallet provider for many crypto assets. Its capacity to oversee a sizable XRP reserve is evidence of its strategic vision and operational effectiveness.

The SEC’s lawsuit against Ripple has sparked debate over whether the native token qualifies as a security. Uphold maintains a sizable holding despite such difficulties, which shows that it believes in the cryptocurrency’s potential despite legal uncertainty.

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ABOUT THE AUTHOR See More

Olumide Adesina

Financial Market Writer

Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.