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uphold.com

Founded Year

2014

Stage

Incubator/Accelerator | Alive

Total Raised

$15.92M

About Uphold

Uphold enables individuals and businesses to invest, exchange, spend and transfer 84 currencies, commodities, equities, and more. The eWallet, reserve, payment, and open API platform allows businesses and our 6+ million users a secure way to transact between supported assets, almost anywhere. The company offers a unique trading experience - ‘Anything-to-Anything’ - allowing users to trade directly between asset classes, saving time and money. Uphold connects new and old money systems through the integration of blockchain networks, Interledger, banking rails in over 35 countries, and credit/debit cards.

Uphold Headquarter Location

6 W 18th St

New York, New York, 10011,

United States

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Expert Collections containing Uphold

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Uphold is included in 2 Expert Collections, including Blockchain.

B

Blockchain

4,732 items

Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.

F

Fintech

7,431 items

US-based companies

Uphold Patents

Uphold has filed 6 patents.

The 3 most popular patent topics include:

  • Payment systems
  • Alternative currencies
  • Cryptocurrencies
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/14/2015

11/2/2021

Cryptocurrencies, Payment systems, Alternative currencies, Digital currencies, Bitcoin

Grant

Application Date

5/14/2015

Grant Date

11/2/2021

Title

Related Topics

Cryptocurrencies, Payment systems, Alternative currencies, Digital currencies, Bitcoin

Status

Grant

Latest Uphold News

Cryptocurrency Exchange Uphold Leaves Venezuela Due to US Sanctions

Jun 24, 2022

Cryptocurrency Exchange Uphold Leaves Venezuela Due to US Sanctions Uphold, a New York-based cryptocurrency exchange, has announced it is closing its operations in Venezuelan markets. The company, which has already had problems with users in the country in the past — shutting down accounts and requiring KYC controls that some users deemed excessive — declares that the exit from Venezuela has to do with the “complexity of complying with U.S. sanctions.” Uphold Abandons Venezuelan Markets Uphold, a New York-headquartered cryptocurrency exchange and stock trading platform, has announced that it will no longer serve customers registered in Venezuela. The company, which serves more than 184 countries according to its own data, argues that the current situation between Venezuela and the U.S is the cause of this decision. In an email sent to Venezuelan customers of the exchange, Uphold declared : We´re very sorry to tell you that Uphold has decided to withdraw from Venezuela owing to the increasing complexity of complying with U.S. sanctions. Venezuela was one of the first countries to embrace Uphold and we love serving our customers there. We are taking this step very reluctantly. However, the company also stated that it hopes to return to Venezuelan markets as soon as the conditions allow it. The company is not allowing new users from Venezuela to open accounts, and has prompted Venezuelan users to withdraw their funds before July 31 via bank accounts linked to their Uphold accounts, or via cryptocurrency transactions. Also, accounts with a zero balance will be automatically closed by the exchange. Woes in Venezuela This is not the first time that the exchange is reported to have difficulties and problems operating in Venezuela. Back in 2019, some Venezuelan users reported having lost access to their accounts and being subject to unreasonable requests for data regarding their transactions on the platform, according to an Instagram group of users. Also, some users reported having their accounts closed without further explanation. Now, some users that have taken Uphold’s word and are trying to withdraw their funds are complaining on social media platforms about their accounts being in a “routine revision” state. It is unclear if this is a measure applied to all Venezuelans on the platform or just to some due to unannounced details. Other services and wallets have also targeted Venezuelans due to sanctions. Infura, one of the companies providing endpoint connections for Metamask, a popular Web3 wallet, left Venezuelan users without access to the wallet due to a misconfiguration originating from U.S. sanction directives in March. Tags in this story

Uphold Web Traffic

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Page Views per User (PVPU)
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Uphold Rank

  • When was Uphold founded?

    Uphold was founded in 2014.

  • Where is Uphold's headquarters?

    Uphold's headquarters is located at 6 W 18th St, New York.

  • What is Uphold's latest funding round?

    Uphold's latest funding round is Incubator/Accelerator.

  • How much did Uphold raise?

    Uphold raised a total of $15.92M.

  • Who are the investors of Uphold?

    Investors of Uphold include MasterCard Start Path, Greg Kidd, Crowdcube and Coinbase Securities.

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