Fact Check: Did Ripple Secretly Acquire Uphold or Kraken?

The post Fact Check: Did Ripple Secretly Acquire Uphold or Kraken? appeared first on Coinpedia Fintech News

In crypto, rumors travel faster than blockchain transactions and this week, a wild new one has taken over social media. Whispers are flying that Ripple might have secretly acquired a popular crypto exchange, and the community isn’t staying quiet about it.

What started as a casual comment on social media has snowballed into full-blown speculation, with people connecting dots, making predictions, and trying to figure out if there’s any truth to it. And one name that has popped up several times is Uphold. 

So, Where Did This All Start?

It kicked off when Ripple’s CEO dropped a major update about the company’s long-running legal fight with the SEC. Ripple officially announced they’re dropping their cross appeal, and the case is finally being put to rest. Naturally, this big moment got the entire crypto community talking.

But what really caught people’s attention was when one of the well-known crypto exchanges jumped into the conversation on social media. A simple two-word reply from their official account was enough to send crypto Twitter into overdrive, with people speculating whether Ripple was about to acquire them.

Crypto Rumors Move Fast

Soon, posts and threads claiming Ripple had bought out a crypto exchange started flooding X (formerly Twitter). Even other exchanges like Kraken got casually dragged into the gossip. But one name kept popping up more than the rest, Uphold.

Coinpedia’s Two Cents: Why Would Ripple Even Consider Buying an Exchange?

Well, there’s actually a reason this rumor felt believable. Not long ago, Ripple CEO revealed they’ve got over $1 billion in cash reserves specifically set aside for expanding the company. And they’ve made it clear they don’t just want to focus on payments and liquidity anymore.

Ripple’s ambitions stretch into areas like custody, compliance, and tokenization, and having an exchange under their wing would make a lot of sense down the road. That’s probably why the internet latched onto the idea so quickly.

Is There Any Truth to It?

As of now — no. There’s no official confirmation from Ripple, Uphold, or anyone else involved. The exchange’s cheeky reply on social media seems to have been nothing more than good timing and playful interaction during a huge moment for Ripple.

That said, considering Ripple’s billion-dollar war chest and their stated plans for expansion, it wouldn’t be shocking if something like this happened at some point in the future.

Crypto loves a good rumor, and this one checked all the boxes,  mystery, money, and a touch of drama. While it appears to be nothing more than speculation for now, it serves as a reminder that Ripple is sitting on serious resources and big ambitions.

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