Simon McLoughlin, CEO of the American exchange Uphold, has praised $XRPholders for their trust and dedication to the platform.

He remarked that $XRPholders are maintaining their position on Uphold solely based on trust, not hype.

McLoughlin expressed this view in a tweet over the weekend when clarifying a report about the massive amount of $XRPtokens under Uphold’s custody.

You’ll see @UpholdInc listed among the biggest $XRPholders.

But those assets belong to our customers, not us.

People remember who stood strong in difficult times.

This “holding” is built on trust, not hype.

Big difference. pic.twitter.com/RoB8SBN2CF

— Simon McLoughlin (@SMcLoughlin00) September 14, 2025

Uphold Among Top $XRPHolders

Notably, the exchange ranks among the top four largest $XRPholders after Ripple. Specifically, one of Uphold’s wallets holds 1.579 billion $XRP, worth close to $5 billion.

Aside from Ripple, the only wallets holding more $XRPthan Uphold’s are Binance and Bithumb, with 1.853 billion and 1.638 billion tokens, respectively.

Meanwhile, in his tweet, McLoughlin clarified that while it is usual for Uphold to secure a spot among large $XRPholders, these holdings are not the exchange’s own portfolio but assets entrusted to it by users.

He went on to explain why $XRPusers have chosen Uphold’s services over many other centralized exchanges. According to him, people remember those who stood by them during difficult times.

For context, McLoughlin was referring to the late 2020 and early 2021 period when many U.S. exchanges distanced themselves from $XRP. They delisted the coin after the SEC filed a lawsuit against Ripple.

Despite this, Uphold maintained its position and continued to support $XRPthroughout the lawsuit, never delisting the coin. It was the only major U.S. exchange that didn’t follow the trend. It continued to give U.S. investors exposure to the asset during tough legal times.

Why Uphold Never Delisted $XRP

In a 2023 interview, the Uphold CEO explained their decision to continue listing $XRP. He pointed to legal advice from Mike Zupon, former head of the SEC’s office, as the guide. When the SEC filed its complaint against Ripple in December 2020, Zupon advised that since the court had not yet adjudicated the case, they could still support $XRPas it does not yet hold the status of a security.

Uphold believed it appropriate to maintain $XRPtrading until a court ruling said otherwise. Interestingly, when the SEC clarified it had never asked exchanges to delist $XRP, this further reinforced their stance. This official statement further validated Uphold’s confidence in continuing to support $XRP.

This commitment earned Uphold a strong reputation among $XRPholders. To this day, $XRPremains the most popular crypto asset on the platform.

“The Holding is Built on Trust, not hype”

In particular, the volume of $XRPthat users hold on the exchange supersedes their Bitcoin holdings by more than ten times, an unusual trend when considering other centralized exchanges.

Specifically, users’ Bitcoin on Uphold is worth $506.6 million, while users’ $XRPon the exchange is worth over $6.19 billion, making it the largest crypto asset under its custody.

Commenting on this, McLoughlin said the building block is trust, not hype — and that makes a big difference.

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