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.
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* 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'.
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.