Advertise
Vignesh S G
Vignesh S G
Author
Reviewed by:
Sohrab Khawas
Reviewed
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Jun 10, 2025 07:18 UTC
-
Crypto Trading Platform Uphold Eyes $1.5B IPO after $300M Revenue Surge
Uphold Explores IPO & Acquisition Offers: Crypto trading platform Uphold is considering a US IPO or acquisition amid rising institutional interest.
Revenue Soars to $300M: With 275% revenue growth since 2022, Uphold eyes Nasdaq listing to fund potential acquisitions and global expansion.
Crypto trading platform Uphold is reportedly weighing a US initial public offering (IPO) or potential acquisition, as interest from major financial institutions intensifies.
According to Simon McLoughlin, the company has hired FT Partners, a top investment banking firm in the fintech sector, to explore strategic options. This move suggests that Uphold is actively evaluating pathways to scale its operations and market presence.
Uphold Confirms IPO Talks and Buyer Interest
In a recent interview, Uphold CEO Simon McLoughlin confirmed that the firm has engaged FT Partners to assess its strategic future. One key direction being explored is a potential public listing.
McLoughlin also noted that several leading financial players — including banks, brokers, and payment companies — have expressed interest in acquiring Uphold. However, he declined to comment on the company’s current valuation. Market speculation places it around $1.5 billion.
IPO Timing Follows Circle’s Market Boom
The timing of Uphold’s potential IPO comes shortly after Circle — a well-known peer-to-peer payments company — went public. Since its debut, Circle’s stock price has jumped from $31 to $115, showcasing a massive 300% surge. This success appears to have reignited IPO enthusiasm across the crypto fintech space.
From $80M to $300M: Uphold’s Strong Revenue Growth
Uphold has been on a steady growth trajectory. In 2022, the company generated $80 million in revenue. This year, it is projected to hit $300 million, marking an impressive expansion.
The company is also actively promoting XRP-related products, including a US debit card with XRP rewards and yield farming options through the Flare Network. One of its most notable recent collaborations is with a German bank, signaling its growing influence in both US and European markets.
Nasdaq Listing Could Drive Acquisitions
According to McLoughlin, a Nasdaq listing could provide Uphold with the financial muscle to acquire other companies in what he described as a consolidating crypto market. The strategy signals Uphold’s intent to expand its footprint through aggressive yet strategic moves.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
No, there is no official IPO date announced yet
Uphold wants to scale its business, attract new investors, and possibly acquire other companies in the crypto sector.
Market speculation puts Uphold’s valuation around $1.5 billion
Yes, Uphold’s revenue has grown from $80 million in 2022 to a projected $300 million in 2025
Yes 
No 
