thecryptobasic.com
Kaspa ($KAS) and $XDC rank alongside $XRP as the most held digital assets on the Uphold exchange.
$XRP accounts for the largest share of digital assets under the watch of the prominent American trading platform Uphold. It commands the overwhelming share with a percentage exceeding 60%, surpassing the figures for Bitcoin (BTC) and Ethereum (ETH), which have less than 10% presence in Uphold.
In particular, according to Uphold’s transparency portal data, the exchange has $2,326,381,433 ($2.32 billion) assets in reserve. $XRP makes up $1,436,889,968 ($1.436 billion), compared to $184 million in Bitcoin and $88 million in Ethereum.
These figures imply that users of Uphold have entrusted 2,310,483,949 (2.31 billion) $XRP tokens to the U.S.-based platform. Moreover, Bitcoin and Ethereum have similarly not emerged as the most held assets after $XRP by Uphold users.
$KAS and $XDC Next to $XRP on Uphold
In a recent tweet, Martin Hiesboeck, Head of Research Uphold, disclosed the digital assets users held the most after $XRP. According to the researcher, the native tokens of Kaspa ($KAS) and $XDC Network ($XDC) are the next in line after $XRP on Uphold.
$KAS and $XDC are the most held assets after $XRP on @UpholdInc
Last week $KAS even surpassed $XRP in trading volume. 🤯
About that year end bonus boss … 😆
For full info go to https://t.co/0984uSWASo. We are the pioneers of radical transparency. 💚 pic.twitter.com/zKtQuSxh5G
— Dr Martin Hiesboeck (@MHiesboeck) November 19, 2023
Per Uphold’s transparency portal information, the dollar value for the $KAS tokens on the exchange amounts to $52,531,750. Given the token’s price of $0.14150, it implies users have entrusted 371,249,116 units of $KAS to Uphold.
Also, the portal shows Uphold holds $56,543,598 of customers’ $XDC tokens. Since $XDC trades at $0.05203, crypto traders have deposited 1,086,749,913 $XDC to Uphold.
Although Bitcoin and Ethereum may wield a higher dollar value due to their prices, the assertion from Uphold’s Head of Research implies that $KAS and $XDC enjoy greater popularity among users on the platform, given that fewer individuals hold Bitcoin and Ethereum.
Interestingly, Hiesboeck highlighted that $KAS had previously surpassed $XRP in terms of a 24-hour trading volume. However, it is worth noting that $XRP maintains a substantial overall transaction count on Uphold, standing at 18.9 million, compared to 108,700 for $KAS.