The Coinbase Pro cryptocurrency exchange announced the listing of the UNI governance token from the leading decentralized exchange Uniswap a few hours after its launch. Binance announced the addition of a perpetual futures contract on UNI almost immediately after the coin’s release.
Our UNI-USD order book will now enter transfer-only mode, accepting inbound transfers in supported regions. Orders cannot be placed or filled. Trading will begin on September 17, if liquidity conditions are met. https://t.co/2SGc6UyoS3
— Coinbase Pro (@CoinbasePro) September 17, 2020
On the US exchange, the token will be traded in a USD pair. Trading on the platform is planned to launch today, September 17, once liquidity is sufficient.
The token’s price reacted to the exchange’s announcement by rising, echoing the ‘Coinbase effect’. UNI quotes rose by 61% — from $2.53 to $4.08 (CoinGecko). As of writing, the price has corrected and the coin trades at around $2.54.
Source: CoinGecko.
Binance announced the start of trading with perpetual futures on UNI with up to 50x leverage and USDT-margined contracts at 10:00 (MSK) on September 18.
#Binance Futures Will Launch @UniswapProtocol $UNI USDT-Margined Perpetual Contract With Up to 50x Leveragehttps://t.co/u4DxtW1Ovd
— Binance (@binance) September 17, 2020
Earlier in the week Coinbase Pro announced the listing of the DeFi platform yEarn Finance’s token (YFI) pushed up its price by 15%.
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