A well-known cryptocurrency broker named Uphold has made its reserve information public, revealing substantial holdings of XRP tokens. The news that Uphold presently possesses an astonishing $1.056 billion in XRP in its reserves has enthralled the XRP community.
According to the most recent statistics, Uphold’s assets effectively fulfil its commitments to parties other than XRP holders. John Deaton, a well-known lawyer and supporter of digital assets, also called attention to this significant research and praised Uphold’s XRP balance sheet.
According to the statistics, over 17.4 million transactions were made on the Uphold platform in total, with XRP accounting for over 28.5% of those. This utilisation and acceptance of XRP on Uphold highlights the currency’s user-base’s popularity and desire for it. The information that XRP assets account for almost 59% of all assets on Uphold increases its relevance.
The Uphold analysis shows, among other things, that the platform’s coverage exceeds liabilities with a 101.3% ratio. This serves to further demonstrate the broker’s dedication to upholding a sound financial position.
The disclosure of this information clearly demonstrates the platform’s commitment to providing a secure environment for its users. But one must remember the first cryptographic market rule: “Not your keys, not your coins.”
