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Uniswap: Binance and other crypto exchanges list UNI token

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All popular crypto exchanges like Binance, Kucoin, and Poloniex lists Uniswap today a few hours after launching the new token. Before now, you should know that Uniswap is an Ethereum based exchange that allows anyone to swap ERC20 token. It is a protocol on Ethereum for swapping ERC20 tokens without allowing buyers and sellers to create demand.

Although token swaps initially require buyers and sellers to provide liquidity, the case is different for Uniswap protocol as it creates the market automatically.

Uniswap listings

Few hours into today, Binance lists Uniswap with trading pair UNI/BTC, UNI/BNB, UNI/BUSD, and UNI/USDT. Immediately after the listing, the price of UNI went up to 0.0004 BTC. While at the press time, value was 0.00022677 BTC (+733.37%) with a volume of 759.45 BTC.

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However, after the Uniswap listing, Changpeng Zhao, the CEO of Binance, made a tweet highlighting the high risk and volatility involved with the UNI token.

After the Binance listing of the UNI token, Kucoin (another popular exchange) also announced its plans to list UNI for the first time if the token deposit meets the standard.

In addition to that, Poloniex also announced the listing of Uniswap via an official tweet. From all indications, it seems all major crypto exchanges are bullish on listing Uniswap (UNI) token on their platform. So, it is safe for traders to anticipate the response from other exchanges in a few days.

Following the recent tweet by Coinbase Pro, the exchange will also start trading UNI if the token 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.”

Finally, Binance Futures also tweets that it will launch UNI USDT-Margined perpetual contract with up to 50x leverage. As for the official blog post, the trading for UNI/USDT perpetual contract will open at 2020/09/18 7:00 AM (UTC).

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