Uphold, the trading app that lets users swap everything from Bitcoin to gold, might be headed for Wall Street. The company is reportedly exploring an IPO or a potential sale, and it’s leaning into one of the loudest corners of the crypto world, the XRP community. The Uphold IPO would put another crypto-native company on Wall Street, this time powered by a fiercely loyal user base.
IPO? Acquisition? Something Big Is Brewing
Word on the street is that Uphold has brought in FT Partners to help map out next steps. They’re exploring two routes: go public in the U.S. or sell the company altogether. Either path could land them a valuation above $1.5 billion, which would be a solid win in a market where most firms have been on the defensive.
JUST IN: Uphold exploring IPO while courting XRP-avid US consumers, CEO says 📊
— Crypto News (@CryptoNewsAnon) June 9, 2025
This follows a string of recent crypto companies heading toward public markets. Circle just priced its IPO, and Gemini has filed confidentially. Clearly, crypto firms see the window cracking open again, and Uphold is ready to push it wider.
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Why XRP Is the Star of the Show
Here’s where it gets interesting. While most crypto companies are still cautious around XRP, Uphold is going all in. Back in 2020, when the SEC sued Ripple, many platforms pulled XRP from their listings. Not Uphold. They kept it live for U.S. users the entire time.
Now that Ripple has scored partial wins in court, XRP is surging again. Trading volume recently hit nearly three billion dollars in a single day. Uphold knows this crowd is loyal and vocal, and they’re banking on that energy to help drive interest in a future IPO.
Crypto’s Comeback Makes This a Smart Moment
The timing here isn’t random. Crypto is starting to rebound. Bitcoin is flirting with previous highs, and interest from institutions is picking up again. At the same time, regulators in the U.S. are beginning to lay down clearer ground rules for crypto markets.
Circle showed that a no-drama crypto IPO can work, especially when there’s a clear product and revenue model behind it. Uphold may be hoping to ride that same wave, especially since the drama-heavy SPAC days seem to be fading out.
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A Closer Look at Uphold’s Playbook
Uphold launched back in 2015 and has grown into a reliable multi-asset trading platform. You can use it to hold crypto, fiat, even tokenized gold, all in one account. It’s not flashy, but it’s functional, and for many users, that’s enough.
What makes them different is how strongly they’ve supported XRP in the U.S. Even when other platforms were backing away, Uphold leaned into that audience. They’ve built tools, offered insights, and stayed consistent. That may not make headlines every day, but it definitely builds trust.
What to Watch for Next
Right now, nothing’s locked in. IPOs take time, and a sale would come with its layers of negotiation. But the signals are there. Uphold is testing the waters, and if the XRP army rallies behind it, that could give the company the momentum it needs.
This could also inspire other crypto platforms to make similar moves. If Uphold pulls it off, it might not be the last exchange to go public this year. The next wave of crypto IPOs may be less about hype and more about loyal users who stick around.
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Key Takeaways
Uphold is exploring an IPO or possible acquisition, aiming for a valuation above $1.5 billion with FT Partners advising the process.
The company has gained strong support from the XRP community by continuing to list the token through Ripple’s legal battles.
With crypto markets rebounding and clearer U.S. regulations emerging, Uphold sees an opening to go public.
Uphold offers a multi-asset platform that includes crypto, fiat, and tokenized commodities like gold, setting it apart from typical exchanges.
A successful public listing could encourage other crypto firms to follow suit, with loyalty-driven communities playing a key role.
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