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About
History
Why trade?
About
History
Why trade?
Uniswap (UNIUSD) is a decentralized exchange that allows users to buy and sell Ethereum-based tokens on the Ethereum blockchain. Founded in 2018, Uniswap quickly became one of the leading DEXs for traders who wanted to trade in cryptocurrencies without having to rely on centralized exchanges. It also offers a variety of features that make it a great choice for traders of all levels.
With Uniswap, users can trade in multiple currencies, set their own price and gas fees, access the decentralized order book to view prices and liquidity, and even leverage automatic market making algorithms to maximize profits.
Looking back at the past two years, Uniswap (UNIUSD) has had quite an impressive price history. In October 2020, UNIUSD reached its lowest at 2.252 and then in May 2021 it hit a record high of 44.974.
Since then, UNIUSD has seen some volatile price swings but as of May 2023, it is currently trading around the 5 USD mark. This makes Uniswap an attractive option for traders looking to take advantage of short-term price fluctuations or long-term investments. With a lot of potential left in Uniswap and its growing popularity, it's definitely worth keeping an eye on UNIUSD
Trading Uniswap (UNIUSD) has its pros and cons. On the pro side, it offers a highly liquid trading environment that allows traders to easily access their funds within seconds. Uniswap also provides low trading fees which means traders can save on costs when trading. Additionally, Uniswap supports multiple currencies, making it possible for traders to execute trades in multiple currencies.
However, there are also some downsides to trading Uniswap (UNIUSD). For example, the liquidity of Uniswap can be relatively low during certain times of the day or week which may make it difficult for traders to enter and exit positions quickly. Additionally, Uniswap does not currently provide margin accounts or leverage so traders do not have access to additional capital if needed.
| Swap long | [[ data.swapLong ]] points |
|---|---|
| Swap short | [[ data.swapShort ]] points |
| Spread min | [[ data.stats.minSpread ]] |
| Spread avg | [[ data.stats.avgSpread ]] |
| Min contract size | [[ data.minVolume ]] |
| Min step size | [[ data.stepVolume ]] |
| Commission and Swap | Commission and Swap |
| Leverage | Leverage |
| Trading Hours | Trading Hours |
* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Trade [[data.name]] with Skilling
The most popular and trending cryptocurrencies, all in one place at the right time.
- Trade 24/7
- Minimum margin requirement below ~3$
- Spreads of just $0.50 on BTC - lower on other crypto! Plus a super low trading fee of 0.1%/side
- No withdrawal fees
- Diversify! 900+ instruments to choose from
FAQs
Why did Uniswap price drop?
The Uniswap (UNI) token price dropped due to a combination of factors: general downturns in the cryptocurrency market, global economic challenges reducing investor interest, and regulatory uncertainties around decentralized finance (DeFi). Increased competition from new DeFi platforms offering better features and incentives also drew users away.
Additionally, technical issues, such as network congestion and security concerns, along with major liquidity providers withdrawing funds, contributed to the decline. Negative news and profit-taking by investors further eroded confidence and drove the price down.
Is Uniswap decentralized?
Yes, Uniswap is decentralized. It operates on Ethereum's blockchain via smart contracts, eliminating the need for intermediaries in token swaps. Users interact directly with smart contracts, providing liquidity and trading tokens without centralized control, fostering transparency and autonomy in decentralized finance (DeFi).
How does Uniswap work?
Uniswap operates as a decentralized exchange (DEX) on Ethereum, utilizing an automated market maker (AMM) model. Instead of traditional order books, users trade directly from their wallets by swapping ERC-20 tokens through liquidity pools. Liquidity providers deposit token pairs into these pools, earning fees based on trading activity. Prices are determined algorithmically based on the ratio of tokens in the pool, facilitating efficient and permissionless token swaps without relying on centralized intermediaries.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying crypto asset.
Crypto CFD
Physical Crypto
Capitalise on rising stock prices (go long)
Capitalise on falling crypto prices (go short)
Trade with leverage
Hold larger positions than the cash you have at your disposal
Trade on volatility
No need to own the asset or have an exchange account
No exchange fees or complex storage costs
Just lower commissions in the form of spreads and a small taker-fee
Manage risk with in-platform tools
Ability to set take profit and stop loss levels