PrimeXBT Adds Uniswap (UNI) As The DeFi Platform Takes Over Crypto

Disclaimer: The textual content beneath is a press launch that was not written by

The emergence of DeFi and automatic market-making platforms like Uniswap have perpetually modified the cryptocurrency enviornment, very similar to the emergence of margin buying and selling platforms equivalent to PrimeXBT.

The award-winning margin buying and selling platform PrimeXBT has just lately introduced the itemizing of UNI tokens alongside six different crypto property, showcasing simply how far the decentralized alternate Uniswap has are available such a brief period of time.

We’ll additionally spotlight what different altcoins made the reduce in PrimeXBT’s latest asset itemizing and one in all their largest in a while.

PrimeXBT Debuts List Of Seven New Crypto Assets


PrimeXBT is full of greater than 50 completely different buying and selling devices throughout foreign exchange, crypto, commodities, inventory indices, and extra, and it now has much more altcoins to boast about. Added alongside Bitcoin, Ethereum, Litecoin, and EOS are Cardano, Polkadot, Solana, Dogecoin, Chainlink, XRP, and Uniswap’s UNI token.

Traders can go lengthy or quick on any of those altcoins and benefit from the volatility the crypto market is understood for, in contrast to ever earlier than. Trading pairs embrace USD throughout the board, whereas some property additionally function a BTC buying and selling pair for much more flexibility and alternatives. All of those altcoins can be found to commerce on margin, with as much as 1:20 leverage. Covesting strategy managers also can entry these new buying and selling pairs, however with as much as 1:10 leverage. An official PrimeXBT blog post on the subject contains extra data on charges and circumstances.

Why Uniswap Has Exploded Along With DeFi


UNI is the governance token to the Uniswap protocol. Changes to the protocol are voted on by token holders, which Uniswap builders then implement primarily based on community-voted specs.

Uniswap is the main decentralized alternate by buying and selling quantity and instructions an enormous quantity of whole worth locked up in good contracts throughout the protocol. In addition to permitting crypto customers to commerce proper from their blockchain pockets, Uniswap lets customers pool liquidity collectively for buying and selling. In alternate, liquidity suppliers are rewarded with a variable APY reward.

UNI tokens have been first distributed without cost to early customers of the platform, which have been awarded with 400 free UNI tokens. From a low of beneath $2 in November 2020, the altcoin rose greater than 2,000% to a excessive of $44 per UNI, making these 400 free tokens price about $17,000 USD.

Trade UNI, DOT, SOL, ADA, DOGE, And More With PrimeXBT


Turning $800 to $1,200 into $17,000 in mere months is feasible with property like UNI, and PrimeXBT has just lately listed six different cash simply as common. The award-winning platform has all the time provided Bitcoin, Ethereum, Litecoin, and even conventional property like foreign exchange, oil, gold, and the S&P 500, however now additionally gives these trending altcoins for probably the most alternative attainable beneath one roof.

PrimeXBT’s continued dedication to offering merchants with a various set of buying and selling devices for portfolio diversification and extra exhibits via this newest itemizing and any updates the corporate rolls out. The platform additionally boasts the power to entry each conventional and crypto markets from a single account, customized service with devoted account managers, the very best degree of asset safety, 24/7 stay buyer help, and as a lot as 99.9% uptime for dependable efficiency.

Other latest updates embrace the latest V2.0 platform overhaul, and the upcoming Covesting Yield Account module. Covesting Yield Accounts allow as much as a 35% APY on crypto property by connecting on to high DeFi protocols like Uniswap, however with out all of the technical experience.

More data is on the market on the corporate’s official blog the place the announcement was first made. Be positive to examine again there periodically to see what buying and selling innovation is revealed subsequent.

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About the Author: Daniel