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HomeCrypto NewsMarketUphold Never Delisted XRP, Now Holds 2B+ XRP in Its Reserves

Uphold Never Delisted XRP, Now Holds 2B+ XRP in Its Reserves


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XRP’s trade volume on the platform is one of the largest for any crypto asset, underscoring a massive adoption rate.

Uphold, a leading digital financial services platform headquartered in New York, has reiterated that it never delisted XRP despite the long-standing legal case between Ripple and the U.S. Securities and Exchange Commission (SEC). This disclosure comes amidst calls for American-based crypto platforms to relist the asset. 

“PSA: Uphold never delisted XRP,” the financial platform mentioned in a recent tweet. The team further noted that their continued support for XRP is an attempt to always “be there for the XRP community.”

Deaton applauded the exchange by saying: “… Brilliant business decision not to suspend XRP trading and wait until the decision comes down by the Court.”


Following the charges brought on Ripple by the SEC in December 2020, up to 26 exchanges either delisted XRP or disabled crypto services for the asset. These include Coinbase, Binance.US, OKCoin, and a host of others. Though some of these platforms, such as Newton, have relisted the asset, the vast majority of them have failed to do so.

Being one of the few American-based finance platforms with continued support for XRP, investors have flocked to Uphold to buy, sell, trade, and hold their XRP tokens. This has led to a massive surge in Uphold’s XRP reserves, as revealed in its Proof-of-Reserves (PoR) system.

Uphold Has 2.1B XRP in its Reserves

Uphold is one of the multiple platforms that have publicized their PoR systems to assuage investors’ concerns. According to its PoR report, Uphold claims to hold its fiat and crypto assets at a slightly overcollateralized ratio of 100.9%. The platform holds billions worth of assets which it characterizes into tiers based on their class and the services enabled.


XRP is among the tier 3 assets and cryptocurrencies users can “buy, hold, sell, deposit, withdraw and send” on the Uphold platform. Data from the PoR system shows that Uphold has $1,079,850,490 ($1.07 billion) worth of XRP in its reserves, making XRP one of the single largest holdings on the platform. This figure amounts to 2.1 billion XRP.

Uphold XRP reserves
Uphold XRP reserves

Moreover, XRP’s transaction volume currently stands at 28.33%, the highest for any tier 3 asset. For context, Bitcoin’s transaction volume is currently 13.91%. In addition, Uphold’s XRP holdings are much higher than its Bitcoin holdings which currently sit at $131.1 million worth of BTC.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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