$1 Billion Worth of XRP Held by Uphold in Biggest Asset Holdings: Details

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$1 Billion Worth of XRP Held by Uphold in Biggest Asset Holdings: Details
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XRP now largest asset on Uphold at $ 1 billion worth, surpassing Bitcoin (BTC) BTC $XRP XRPArmy UpholdInc XRPHolders XRPCommunity

Deaton also provides the information that XRP volumes account for 28.33% of total transactions on the platform. Notably, Uphold has more than 250 cryptocurrencies and stablecoins for users to buy, sell and trade on its platform. Thus, the XRP volumes remain significant., XRP assets held in its reserve equal $1,080,899,106, while those of Bitcoin equal $140,644,629 worth of BTC.

Uphold's support for XRP dates back to early 2018, when, after conducting a Twitter poll, XRP emerged as the preferred choice of respondents for the platform's listing.was added to the list of cryptocurrencies that users can buy or trade on its platform after Uphold announced support. a throwback to a 2021 headline stating it would not delist XRP despite the Ripple lawsuit. The multi-asset trading platform states it strongly backs the XRP community.

The SEC sued Ripple in December 2020, alleging that the $1.3 billion sale of XRP constituted an unregistered security offering. Some cryptocurrency exchanges then delisted the XRP token or stopped supporting the digital asset. Uphold, on the other hand, continues to support XRP on its platform.

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