UNI token goes up 11% after listing on Robinhood

Along with the coin of the decentralized exchange Uniswap, 13 digital assets are available on the crypto broker platform

15.07.2022 - 09:00

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What’s new? Cryptocurrency broker Robinhood has added the native token of decentralized exchange Uniswap (UNI) to its platform. A total of 13 digital assets are now available on Robinhood. UNI is up more than 11% since listing on the platform. As of July 15, 12:00 UTC, the asset is trading at $6,97 (according to Binance).

UNI is now on Robinhood @Uniswap #CryptoListing https://t.co/KBoYMziAyc— Robinhood (@RobinhoodApp) July 14, 2022

Unsiwap is a decentralized cryptocurrency exchange protocol based on Ethereum and using an automated market maker (AMM). The UNI token, created according to the ERC-20 standard, is used to reward liquidity providers (LPs) as well as to manage the protocol.

What is Robinhood? It is an online broker that provides investors with access to financial markets. The platform was founded in 2012. Robinhood allows you to trade stocks, ETFs, options, cryptocurrencies and stock shares. There are no fees for trading on the platform.

In May, Robinhood added bitcoin and Ethereum-based digital asset manager Grayscale Investments' cryptocurrency funds to the platform. Users can trade Grayscale Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) units directly through the broker's app.

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