Rumor: Ripple Is Set to Acquire XRP-Centric Exchange Uphold
Main Idea
A rumor suggests Ripple may acquire XRP-centric exchange Uphold, sparking speculation within the XRP community due to Uphold's significant role in XRP liquidity and Ripple's strategic interests.
Key Points
1. Crypto influencer JackTheRippler claimed Ripple will acquire Uphold, though neither company has confirmed the rumor.
2. Uphold holds over $4.5 billion in XRP, accounting for 69% of its crypto reserves, and has processed 26 million XRP transactions.
3. Uphold recently added support for USDC on the XRP Ledger, deepening its integration with the XRP ecosystem.
4. Uphold's CEO confirmed the company is considering a sale or IPO, with a valuation exceeding $1.5 billion and projected 2025 revenue of over $300 million.
5. An acquisition could align with Ripple's goals, such as enhancing liquidity for its stablecoin (RLUSD) and expanding XRP Ledger-based financial products.
Description
A new wave of speculation has gripped the XRP community following a bold claim by prominent crypto influencer JackTheRippler. In a recent X post, he stated, “Ripple will acquire major exchange Uphold Inc XRP,” igniting intense discussions about a potential acquisition that could significantly reshape the XRP ecosystem. JackTheRippler Sparks Acquisition Buzz Though neither Ripple nor Uphold has confirmed the rumor, JackTheRippler’s statement has drawn attention across the crypto space. His post a...
Latest News
- Next-Gen Crypto Fire: 3 Best Meme Coins to Join for Long Term— Arctic Pablo Sparks the Surge2025-08-02 05:49:40
- 5 Must-Watch Cryptos Right Now – Get Early Advantage With MoonBull, the Best Upcoming Crypto in 20252025-08-02 05:49:15
- XRP Price Outlook if Ripple Becomes Treasury Company2025-08-02 00:43:20
- Projected XRP Price if Western Union and MoneyGram Adopt It2025-08-02 00:05:49
- Over 110 Billion Shiba Inu (SHIB) Stuns Binance. Here’s What Happened2025-08-01 23:39:08