Uphold Charges Toward $1.5B IPO as Revenue Rockets $300M—Wall Street Suddenly Loves Crypto Again

Another day, another crypto platform cashing in on the institutional gold rush. Uphold—the exchange that quietly built a war chest while rivals burned through VC money—just posted a $300M revenue surge. Now it’s eyeing a public debut that’d value the firm at $1.5B. Cue the champagne corks in Connecticut.

Wall Street’s latest crypto crush proves even old-money suits can’t ignore blockchain’s gravitational pull. But let’s see how long the love lasts when the next ‘risk-off’ cycle hits.

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 recent reports, the company has hired, 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,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.

IPO Timing Follows Circle’s Market Boom

The timing of Uphold’s potential IPO comes shortly after— a well-known peer-to-peer payments company — went public. Since its debut, Circle’s stock price has jumped from, showcasing a massive. This success appears to have reignited IPO enthusiasm across the crypto fintech space.

• Also Read :
•   Charles Hoskinson Just Made Bitcoin DeFi Possible on Cardano
•   ,

From $80M to $300M: Uphold’s Strong Revenue Growth

Uphold has been on a steady growth trajectory. In 2022, the company generatedin revenue. This year, it is projected to hit, marking an impressive expansion.

The company is also actively promoting, including a US debit card with XRP rewards and yield farming options through the. One of its most notable recent collaborations is with a, signaling its growing influence in both US and European markets.

Nasdaq Listing Could Drive Acquisitions

According to McLoughlin, acould provide Uphold with the financial muscle toin what he described as a consolidating crypto market. The strategy signals Uphold’s intent to expand its footprint through aggressive yet strategic moves.

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.