- Summary:
- Uphold is not a typical cryptocurrency exchange. It enables ‘Anything-to-Anything’ trading, empowering users to trade between asset classes like cryptocurrencies, commodities, and equities.
The Stacks Foundation is excited to announce its partnership with Uphold, the multi-asset money platform, to further the mainstream adoption of Bitcoin and Stacks.
With this integration, Upholders will not only be able to trade native STX, but can also move their STX freely between their external Stacks compatible wallets and Uphold account.
Uphold is not a typical cryptocurrency exchange. It enables ‘Anything-to-Anything’ trading, empowering users to trade between asset classes like cryptocurrencies, commodities, and equities. For example, customers can trade gold directly for bitcoin.
Uphold serves customers in over 184 countries across 250+ currencies (traditional and crypto) and commodities. Uphold has nearly a decade of experience and has facilitated over $4B transactions.
Uphold also prides itself on transparency. The Uphold platform is always 100%+ reserved and publishes its assets and liabilities in real time.
Bitcoin L2s Are Becoming Mainstream
Bitcoin L2s, led by Stacks, are changing the narrative of Bitcoin — Bitcoin is becoming more than a store of value.
Layer 2s like Stacks are helping to unlock Bitcoin and its $1T in passive capital into a fully programmable, productive asset by enabling applications to be built on Bitcoin.
Stacks’ 2024 Nakamoto and sBTC releases will bring faster speeds and transactions backed by 100% Bitcoin finality. This will improve the user and developer experience on Stacks, helping to bring more applications to Bitcoin.
Partnerships with platforms like Uphold show the increasing appetite, normalization, and mainstream adoption of digital assets, including Bitcoin Layer 2s like Stacks.
The Stacks Foundation is excited to grow with Uphold and bring Bitcoin and Bitcoin L2s to the mainstream.