Uphold allows individuals and businesses to seamlessly exchange a wide universe of assets in one easy step.

Uphold’s “Anything to Anything” interface allows customers to instantly and directly exchange one asset for another.

Its platform currently supports 27 national currencies, 250+ digital currencies, 50+ US Stocks, and multiple precious metals, along with offering bank connectivity in 150 countries.

Uphold saw its customer base double in 2020.

Uphold has the ability to provide superior liquidity compared to peers, as a broker-dealer drawing liquidity from 15 different exchanges.

The Uphold Card allows you to pay with crypto, precious metals, and more, earning 1% cash back and 2% crypto back.

Uphold’s platform provides B2B solutions such as instant pay-in and pay-out service, backend crypto conversions for FinTech companies, and a closed wallet system bridging crypto-enabled ecosystems with fiat capabilities.

2019 Revenue: $12 million, 2020 Revenue: $26 million, 2021 Revenue: $250 million

As of March 2023, Uphold currently has over $1.64B assets in their reserves, and has facilitated over $34.47B in transaction volume.

Gross margins remain strong at 72% as of Q1'22.

According to Uphold, Q3 2023 showed a promising 25% increase in revenue and a 32% rise in gross profit QoQ. This achievement mirrors Q1 2022's figures, suggesting that the crypto market might be on the verge of a positive shift. Uphold's expanding enterprise (B2B) sector has greatly contributed to its Q3 success. By integrating its payment infrastructure into both digital asset and traditional businesses, Uphold ensures a balanced and resilient revenue flow, reducing reliance on the volatile B2C segment tied to crypto speculation.

In November 2023, announced that Topper, Uphold’s fiat-to-crypto on-ramp, has added Apple Pay and Google Pay as a payment option for users.nThis expansion facilitates faster and more convenient transactionsnacross Topper’s extensive selection of over 200 digital assets.

In December 2023, Uphold launched Vault in beta,na reimagining of what custody solutions look like for digital assetsn. Uphold has created Vault, an assisted self-custody wallet, to simplify securing digital assets and give users the best of both worlds: the convenience of centralized financial (CeFi) applications, combined with the security of self-custody.

In February 2024, Uphold's Vault exited a a two-month beta phase today havingnachieved significant traction, including more than $24M in total locked volume of XRPn. A survey of beta users found that 80% of respondents found Uphold Vault easy to understand and simple to use when moving and managing funds, and 83% converted from free trial to paid subscription.