NMLSRegulated
United States Crypto Asset Transfer License (MTL)
Uphold
Regulated in United States
Crypto Asset Transfer License (MTL)
Global Business
Basic Information
Country/RegionPortugal
Exchange AbbreviationUphold
Company NameUphold HQ Inc.
Operating Period5-10 years
Websitehttps://uphold.com/
Trade TypeFiat Trading、Spot Trade
RiskNotice
2 risk alerts
SCBRegulated
Bahamas Crypto Asset Exchange License (CEX)
FCAActive
United Kingdom Virtual Asset Service Provider (VASP)
User Feedback
3
Uphold’s interface is quite intuitive, and it can trade various cryptocurrencies. However, the withdrawal speed can be a bit slow at times, which bothers me a bit.
12/12 Customer service said that I can withdraw money when the transaction volume is reached, but when I reached it, they told me that third-party arbitrage, I have to upgrade to VIP before I can withdraw, and I will not return after that.
Uphold is user-friendly with transparent fees, making it great for traders, but its liquidity is not on par with larger exchanges. While it aims for regulatory compliance, the evolving crypto landscape requires diligence from users.
Exchange Overview
Exchange Overview
What is Uphold?
Uphold is a digital asset trading platform that allows you to buy and sell cryptocurrencies, stablecoins, and precious metals.
Platform Features
The platform connects to multiple underlying trading venues, supports a wide range of crypto assets for 'any-to-any' trading, and is committed to supporting important new tokens earlier than some platforms, with a mobile app.
Risk Warning
Cryptocurrency trading involves price fluctuation risks, and users should exercise their own judgment.
Business Region
InfluenceA0
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News
20
New York forces Uphold to pay $5M over fraudulent crypto investment scheme
New York Attorney General Letitia James has secured more than $5 million from cryptocurrency platform Uphold over its role in promoting a fraudulent investment product. The settlement centers around Upholds promotion of CredEarn, a product offered by Cred, LLC and its CEO Daniel Schatt. Between January 2019 and October 2020, the platform marketed CredEarn to users on its platform and mobile app as a safe, reliable savings product with attractive annual interest payments. However, Uphold didn‘t tell customers that Cred was generating those returns by making microloans to low-income video game players in China, who are typically borrowers with no credit histories and no access to traditional financial institutions, the Attorney General’s office said in an announcement. Source: NY AG James Uphold also told customers that Cred carried “comprehensive insurance,” a claim the Attorney Generals office found to be false. No such insurance protecting retail investors from digital asset losses existed in the industry at the time. On top of the misleading promotion, Uphold was operating without the required broker or commodity broker-dealer registration. Cred collapse hits Uphold users Cred began racking up losses from its risky lending practices in March 2020 and filed for bankruptcy eight months later, leaving thousands of Uphold customers around the
XRP Giant Uphold Could Be Acquired: Pro-Ripple Lawyer Predicts PayPal and Binance Among Potential Buyers
Crypto attorney John E. Deaton has just added fuel to the XRP debate by publicly speculating that Uphold, the platform most synonymous with XRP support, could be snapped up by a major player. He has a long list of potential buyers, including Coinbase, Kraken, Binance, Gemini, Robinhood, Ripple and even some big names from the traditional finance world like JPMorgan, Goldman Sachs, Fidelity, Citi and PayPal. Uphold is in a rare position. According to the latest transparency data, XRP accounts for an amazing $4.54 billion of the platforms $6.61 billion in total reserves — that is roughly 69% of all assets held. XRP is at the heart of Uphold, not just a little part of it. The platform has also processed over 26 million XRP transactions, making up 26% of the total volume, and it is still going strong. Just this week, Uphold announced support for USDC via the XRP Ledger. So, the platform is not just holding the coin; it is XRP-centric. With a reserve ratio of 100.6%, it runs a fully-backed model and already facilitates large-scale XRPL activity without needing to build new rails. Why not？ But there is one big catch. Simon McLoughlin, the CEO of Uphold, is known to be a big
Flare and Uphold Plan to Unlock Yield Potential for XRP
Flare and Uphold announce a partnership to explore future XRP yield and DeFi access via FXRP.XRP staking is not live yet, but Uphold users may soon gain access through Flares FAssets system. Flare Networks has announced a new partnership with Uphold, a crypto platform that is quite well-known for its user-friendly approach. They want to pave the way for XRP holders to earn passive income through the yield feature. This collaboration comes just as Flare is preparing to launch the FAssets system to mainnet—a mechanism that allows assets like XRP to be used in the DeFi world without having to have a built-in smart contract. Flare ???? @UpholdInc Were thrilled to partner with Uphold, one of the first exchanges exploring XRP yield on @FlareNetworks! With FAssets preparing for mainnet launch, this collaboration paves the way for XRPFi, bringing utility & DeFi access to Upholds active $XRP community… https://t.co/hh4Jp3J0Gb — Flare ☀️ (@FlareNetworks) May 30, 2025 Turning XRP Into a Yield-Generating Asset This feature allows XRP to be wrapped into FXRP, and can then be used for staking or participating in other DeFi activities on the Flare network. So, instead of just being stored in a wallet, XRP can now “work” on its own. And for Uphold users, this is
