XRP dominates the Uphold trading platform by 62.21%, while Bitcoin, ETH, and XLM make up less than 10% of its reserves.
The XRP community recently uncovered the staggering volume of XRP tokens held by Uphold, a pro-XRP U.S. trading platform. This revelation follows Uphold’s newly announced partnership with Ripple to enhance cross-border payments.
Uphold: An XRP Powerhouse?
According to Uphold’s transparency portal, the exchange manages **$2.04 billion** in crypto assets, with **XRP accounting for 62.21%** ($1.28 billion).
Key Insights:
- Transaction Volume: Uphold has processed 18.7 million XRP transactions, representing 28.33% of its total 124.4 million transactions.
Comparative Holdings:
- Bitcoin (BTC): $169.6 million (8.31% of reserves)
- Ethereum (ETH): $78.4 million (3.84%)
- Stellar Lumens (XLM): $52.5 million (<3%)
- Cardano (ADA) & Shiba Inu (SHIB): Combined <2%
👉 Discover why Uphold’s XRP dominance matters for crypto traders
Uphold’s Unwavering Support for XRP
While most U.S. exchanges delisted XRP amid regulatory scrutiny, Uphold continued supporting XRP, even launching a 20,000 XRP trading reward promotion.
Recent Developments:
- Partnership with Ripple: Enables Ripple Payments (ODL) services in the U.S.
- Open-Market XRP Purchases: Uphold confirmed it will buy XRP directly from the market without using customer funds.
FAQs
Q: Why does Uphold hold significantly more XRP than Bitcoin?
A: Uphold’s pro-XRP stance and strategic partnership with Ripple drive its high XRP liquidity and user demand.
Q: How does XRP’s transaction count compare to Bitcoin on Uphold?
A: XRP transactions (18.7M) outnumber Bitcoin’s 9.2M, reflecting its utility in cross-border payments.
Q: Will Uphold’s XRP holdings affect its price?
A: Large reserves can signal stability, but market dynamics depend on broader adoption and regulatory clarity.
Disclaimer: This content is for informational purposes only and not financial advice. Conduct independent research before investing.
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### Keywords:
- XRP
- Uphold
- Bitcoin (BTC)
- Ripple Payments
- Crypto reserves
- Stellar Lumens (XLM)