Yes, you heard it right all popular crypto exchanges like Binance, Kucoin and Poloniex today lists Uniswap. So you might be aware of what Uniswap is, it’s an Ethereum based exchange that allows anyone to swap ERC20 tokens.
Basically it’s a protocol on Ethereum for swapping ERC20 tokens without the need for buyers and sellers to create demand. Traditionally token swaps require buyers and sellers in order to provide liquidity. However, in the case of Uniswap protocol, it creates the market automatically.
Today Binance lists Uniswap (UNI) at 2020/09/17 3:00 AM (UTC) with trading pair UNI/BTC, UNI/BNB, UNI/BUSD and UNI/USDT. Soon after the listing, the price of UNI skyrocket and went up to 0.0004 BTC. While at the press time it’s valued at 0.00022677 BTC (+733.37%) with a volume of 759.45 BTC.
However, soon after the Uniswap listing CZ the CEO of Binance tweets about the high risk and volatility involved with UNI token. The tweet said, “New coin, a couple hours old. $UNI Relatively well known project, grandfather of DeFi (NOT endorsement) Expect high volatility. HIGH RISK.
Soon after Binance listing of UNI token, Kucoin also announces about the listing of Uniswap. Koucoin tweets, “KuCoin will list UNI in the first time if the UNI token deposit meets the standard.”
Similarly, Poloniex also announced about the listing of Uniswap via official tweet. The tweet says, “Next up in #DeFi Month Week 3 – $UNI will be listed on Poloniex at 14:30 UTC. Get ready!”
So it seems all major crypto exchanges are bullish on listing Uniswap (UNI) token on their platform. Let’s see what other exchanges will do in the coming days.
As per the latest tweet by Coinbase Pro it will also start trading UNI once it meets the liquidity conditions. The official blog post says, “Starting immediately, we will begin accepting inbound transfers of UNI to Coinbase Pro. Trading will begin on Thursday, September 17, if liquidity conditions are met.”
Binance Futures also tweets that it will launch UNI USDT-Margined perpetual contract with up to 50x leverage. As per the official blog post, the trading for UNI/USDT perpetual contract will open at 2020/09/18 7:00 AM (UTC).
Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.