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Uphold hasn't stated that it intends to go public yet. However, the company's finances and momentum could make it a possibility in the coming months.
Uphold is a London-based financial app that was founded in 2014 by JP Thieriot, Anthony Watson, and Halsey Minor. The company’s goal is to reduce the high fees and delays that are typically associated with international currency and asset exchanges. Uphold accomplishes this task exceptionally well.
The Uphold mobile app is free to download and includes a variety of options and features that empower users to convert, hold, and transact assets globally. The friendly interface provides direct access to key functions like the ability to convert and trade multiple assets from one screen. Uniquely, Uphold users can convert 27 fiat currencies, gold, silver, platinum, palladium, and +350 cryptocurrencies seamlessly.
This flexibility has helped Uphold's user base diversify their portfolios and save on fees when making international payments. Notably, Uphold's founders refer to the application as “the world’s first and only real-time transparent and fully verifiable reserve.”
The Uphold application incorporates some cool features that help users locate hard-to-find and rare digital assets. The altcoin heaven feature provides early access to these tokens, opening the door for additional ROIs in many instances.
Uphold was among the first crypto-friendly multi-asset exchange mobile apps to meet regulatory standards. As part of this approach, the company can provide FDIC-insured USD interest accounts to users, enabling them to secure up to 5% APY on their holdings.
Historical Funding RoundsThere are plenty of reasons why someone would seek to invest in Uphold. For one, the app has secured a position at the top of a competitive market. The platform ranks 2nd among 1868 active competitors. Additionally, the developers have shown a commitment to innovation, frequently introducing new products and services.
Growing DemandThere is an increased demand for crypto-integrated financial services. Uphold provides a streamlined integration that connects multiple asset classes and empowers users to convert between these assets to reduce fees and improve their holdings.
Demand for these services will only increase as more traditional-minded investors seek to join the blockchain revolution. As such, Uphold has excellent positioning to capture these new users.
Easy Set UpAnyone can join Uphold. The setup is similar to traditional banking applications and can be completed in minutes. Additionally, there are no complicated procedures or interfaces to confuse new users. Simply download the app for free and sign up.
Once approved, you can fund your account using credit cards, bank transfers, crypto, and a variety of other popular options.
Uphold Offers Flexible OptionsUphold is one of the most flexible regulatory-compliant exchange applications available. The platform provides users with the ability to convert equities, fiat currencies, precious metals, and cryptocurrencies securely from a single interface. As such, the app is ideally suited to both experienced and new users.
Uphold has Developer SupportUphold provides a lot of support for developers seeking to integrate its options and features into their creations. This open approach to the market helps to grow and empower the community. Developers can create helpful new platforms and add-ons that improve the user experience and onboarding processes.
Smart AcquisitionsAnother reason Uphold is a smart “add” to your portfolio is its growing number of strategic partnerships and acquisitions. The firm recently announced a partnership with hardware wallet developer Ledger.
The agreement enables its +10M users to send and receive assets using Uphold directly from their cold storage devices, improving security and expanding the platform's user confidence.
White Label OptionsUphold provides businesses with white-label options, enabling them to offer their clients advanced payment and exchange features. Additionally, these systems help users create and manage digital assets like NFTs, which can improve customer engagement.
Regulatory CompliantAll Uphold app users must complete full KYC/AML regulatory requirements. You need to provide the company with your name, phone number, date of birth, valid government photo identification, and a live selfie before you can leverage the exchange, withdrawal, or send-and-receive features.
How to Buy Uphold Pre-IPO SharesUphold hasn't stated that it intends to go public yet. However, the company's finances and momentum could make it a possibility in the coming months. For now, Uphold remains a privately held company, meaning that you will need to utilize a specialized approach to get access to shares. Here is what you need to consider.
1. Pre-IPO Secondary MarketplaceSecondary markets are purpose-built exchanges that connect pre-IPO shareholders with potential investors. These marketplaces can offer these assets because they work closely with employees, early-stage investors, and venture capitalists, which are crucial to the company's pre-IPO growth.
Investing in pre-IPO shares for Uphold could open the door for additional ROIs if the company's valuation is less than when its IPO launches. It's common for company valuations
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