Serrari Group

In an announcement on Thursday, Uphold CEO Simon McLoughlin revealed plans for the imminent release of Vault, a cutting-edge product set to revolutionize the security and user experience of cryptocurrency self-custody. The beta launch for Vault is scheduled for early 2024, with an initial focus on providing a streamlined self-custody experience for over 10 million Uphold customers, starting with XRP support. The company also has ambitious plans to extend support for Bitcoin within the first quarter of the following year.

Uphold, boasting a track record of facilitating over $4 billion in global transactions since its establishment in 2015, sees the introduction of Vault as a strategic response to mounting concerns surrounding vulnerabilities in centralized exchanges, as exemplified by the recent FTX collapse. This move signals a broader industry trend towards prioritizing more secure solutions for the management of digital assets.

In tandem with this industry-wide focus on security, Safe has announced a collaborative effort with Sygnum and Coincover to introduce an optional crypto recovery service. This initiative aligns with the growing trend of enhancing protection measures for digital asset users.

The standout feature of Vault, its key replacement functionality, underscores Uphold’s commitment to merging the user-friendly aspects typical of centralized finance (CeFi) platforms with the robust security measures crucial in self-custody solutions. This approach mirrors a notable shift in the cryptocurrency landscape, with both individual users and institutions seeking increased control and safety for their investments, particularly in the aftermath of high-profile security breaches.

As Uphold prepares for the launch of Vault to fortify the security of cryptocurrency self-custody, the financial performance metrics of the company underscore its formidable market presence. With a substantial Market Cap of $1520.0B USD, Uphold stands as a major player in the digital finance sector. Notably, the company has achieved a Revenue Growth of 10.32% over the last twelve months as of Q3 2023, indicating a robust expansion amid the dynamic crypto market.

Investors closely monitoring Uphold’s performance will find the P/E Ratio (Adjusted) of 69.35 to be a key metric, particularly in light of the company’s future earnings potential with the introduction of new services like Vault. Additionally, the impressive Gross Profit Margin of 46.24% showcases Uphold’s ability to maintain profitability while investing in innovative security solutions for its user base.

For those seeking a deeper understanding of Uphold’s financial health, InvestingPro offers over 40 comprehensive tips that analyze a company’s financials, including future growth prospects and risk factors. These insights are invaluable for investors navigating Uphold’s strategic moves in the ever-evolving landscape of cryptocurrency security.

To maximize the benefits of these insights, InvestingPro subscriptions are currently on a special Cyber Monday sale, offering a discount of up to 60%. For even greater savings, subscribers can use the coupon code “sfy23” to enjoy an additional 10% off a 2-year InvestingPro+ subscription. This presents a timely opportunity for investors to leverage the advanced features and expert analysis provided by InvestingPro, enabling them to make informed decisions in the fast-paced world of cryptocurrency investments.
By: Delino Gayweh
Serrari Financial Analyst
7th December, 2023

Share this article:
Article and News Disclaimer

The information provided on is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

In no event will be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.

The articles, news, and information presented on reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.

The content on may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.

By using, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website., reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.

Serrari Group 2023