Kaspa, a digital asset, has been added to Uphold, a global trading platform that offers a variety of assets including cryptocurrencies, forex trading, and stocks in certain regions. Starting May 11th, 2023, users can buy, sell, hold, and trade Kaspa on the platform. However, it is important to note that at launch, Kaspa will be classified as a “Tier 4” asset, meaning users cannot withdraw it to cold storage but can still trade it on the platform.
Uphold is known for its user-friendly interface, quick account setup, and low minimum deposit requirements. The addition of Kaspa to their platform is expected to attract more users and expand the Kaspa ecosystem. Uphold takes security seriously, using advanced encryption and monitoring systems to protect users’ assets.
The decision to fully integrate with the Kaspa Network will depend on the coin’s performance and user interest. Uphold regularly reviews its integration roadmap every quarter and anticipates that Kaspa will be included in the future.
For more information on Uphold’s transparency regarding their reserves and Tier 3 and Tier 4 listings, users can visit their transparency page.
In summary, the inclusion of Kaspa on Uphold’s platform marks a significant milestone for the cryptocurrency sector and offers more opportunities for trading and investment in digital assets.