Uphold

Uphold: digital asset and precious metals trading platform

Uphold is a multi-asset digital money platform offering financial services to a global market. Its proposition centers on direct exchange between asset classes, a model the company describes as 'Anything-to-Anything', with embedded payments. The company presents itself as a pioneer in radical transparency in the crypto space since 2014 and states that millions of customers trust it.

Available assets and markets

The platform allows buying and selling cryptocurrencies, stablecoins, and precious metals. According to published information, it supports over 300 currencies, both traditional and crypto, and commodities. Users can trade in a single step between any supported asset, without the need for intermediate conversions. The company states that, thanks to its connection with multiple underlying trading venues, it can offer a wide range of cryptoassets and endeavor to list new tokens earlier than other platforms.

Staking and yield

Uphold offers staking rewards of up to 20% APY on more than 20 digital assets, with the possibility of instant staking and unstaking. The platform describes this experience as flexible and with one of the broadest ranges of assets on the market. Additionally, the USD Interest Account offers 3.75% APY for balances of $10 or more, and 2% APY for balances under $10, according to the terms indicated on the site.

Transparency and security

The company publishes its assets and liabilities every 30 seconds on its website, and states that it never loans out customer assets. Uphold holds SOC 2 Type 2, ISO 27001, and PCI DSS certifications, and declares compliance with privacy regulations such as GDPR, CCPA, PIPEDA, and the UK Data Protection Act. The company also notes that access to funds is typically available within seconds, although transactions may be monitored, held, delayed, or blocked if there is a risk of fraud or financial harm.

Services for businesses and developers

In addition to its offering for individuals, Uphold provides enterprise services including APIs, widgets, on/off-ramp solutions, OTC trading, listing services, infrastructure-as-a-service, treasury management, and cards-as-a-service. For developers, the platform offers resources such as a DCA calculator, limit orders, and its own glossary called Cryptionary.

International presence and corporate data

Uphold serves more than 140 countries and, since its launch in 2015, has processed over US$40 billion in transactions. The company operates through various legal entities. Uphold HQ Inc. has its registered office at 90 New Montgomery Street, Suite 412, San Francisco, California 94105, and its NMLS ID is 1269875. Uphold Operating Canada Ltd. has its registered office at 6th Fl., 905 West Pender St., Vancouver, BC, Canada V6C 1L6. Uphold Worldwide Ltd., with registration number 177867, has its registered office at Aristo House, Office A, The Balmoral, #78 Sanford Drive, Nassau, Bahamas. The company also indicates that Uphold Operating Canada Ltd. has withdrawn its application for registration in certain Canadian jurisdictions and no longer offers registrable services to Canadian residents.

Offices and locations

Main office: 90 New Montgomery Street, Suite 412, San Francisco, California 94105

Canada office: 6th Fl., 905 West Pender St., Vancouver, BC, Canada V6C 1L6

Bahamas office: Aristo House, Office A, The Balmoral, #78 Sanford Drive, Nassau, Bahamas