The post Who Will Buy Uphold? John Deaton Predicts Huge Buyout, Names 11 Crypto and TradFi Giants appeared on BitcoinEthereumNews.com.

The post Who Will Buy Uphold? John Deaton Predicts Huge Buyout, Names 11 Crypto and TradFi Giants appeared first on Coinpedia Fintech News Could one of XRP’s biggest backers be getting scooped up? A bold tweet from pro-Ripple lawyer John Deaton is stirring speculation that crypto exchange Uphold could be acquired – and if that happens, it might be one of the most strategic deals in the XRP ecosystem yet. In a recent tweet, Deaton suggested that Uphold could be bought by a major player. His list? It’s the who’s who of crypto and traditional finance powerhouses. “I put on Uphold being acquired by a major player,” Deaton tweeted. He tagged names like Coinbase, Kraken, Gemini, Robinhood, Binance, Ripple, and TradFi giants JPMorgan, Goldman Sachs, Fidelity, Citi, and PayPal. So what makes Uphold such a hot target? XRP Is the Backbone of Uphold Uphold isn’t just another crypto platform listing XRP, but is built around it. According to the latest transparency report, XRP makes up nearly 70% of Uphold’s total reserves, holding $4.54 billion out of $6.61 billion. The numbers get even more interesting: Uphold has processed over 26 million XRP transactions, and just this week, it launched USDC support on the XRP Ledger, showing its deep commitment to the XRP ecosystem. Add to that a fully-backed model with 100.6% reserves, and it’s clear that this is a platform built with XRP utility in mind. Strategic Shake-Up Already in Motion Is this just Deaton shooting arrows in the dark? Well, no. Uphold’s own CEO, Simon McLoughlin, recently confirmed the exchange is exploring an IPO or a potential sale. The company brought on FT Partners to weigh its options. While no valuation has been officially disclosed, a source close to the matter says the target could go north of $1.5 billion.…

---

Filed under: News - @ June 20, 2025 11:26 am