Uphold Considers IPO and Sale Options as Revenue Explodes

Crypto exchange Uphold is weighing its next move: going public or selling the company. After launching a user-centric campaign to attract US XRP supporters, it has hired investment bank FT Partners to explore both IPO and sale options, aiming for a valuation exceeding $1.5 billion. 2023 has seen Uphold reach significant financial milestones, with revenue expected to surpass $300 million by 2025, driven by a successful user growth strategy. This success is attributed to the company’s steadfast support of XRP during the SEC legal battles, building loyalty and trust among users.