Cryptocurrency platform Uphold, founded in 2013, has announced plans to conduct an initial public offering (IPO) in the U.S. According to The Block, the company, backed by FT Partners, is also considering a sale to a payment company, aiming to achieve a valuation of over $1.5 billion. CEO Simon McLoughlin noted that Uphold is in talks with banks, brokers, and financial institutions, evaluating both the IPO and the sale.
Uphold is known for its unique 'Anything-to-Anything' model, which allows trading in cryptocurrencies, fiat currencies, and precious metals. The platform actively attracts American users, particularly fans of $XRP , which could strengthen its position ahead of the IPO. In 2025, the IPO market in the U.S. shows growth: according to Renaissance Capital, the number of new listings has increased by 62.5% compared to last year.
The IPO could be a way for Uphold to raise capital for expansion and to compete with major players like Coinbase. However, market volatility and regulatory challenges may complicate the process. Stay updated on cryptocurrency market news and investment opportunities with #MiningUpdates #UpholdIPO #CryptoIPO #BlockchainFinance