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Bitfinex Lists Uniswap (UNI), Trading Against Crypto and Fiat About to Start

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Sat, 19/09/2020 - 10:02
Bitfinex Lists Uniswap (UNI), Trading Against Crypto and Fiat About to Start
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Bitfinex has announced the listing of the UNI token launched by Uniswap Ethereum-based DEX.

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Bitfinex adds support for UNI

Deposits are already enabled but as for trading and withdrawing UNI, it will be available at 8:00 a.m. UTC.

The UNI governance token will be available to trade against USD and Tether’s USDT stablecoin.

At present, TradingView shows seven crypto exchanges that have listed UNI – Binance, KuCoin, OKEx, Poloniex, Huobi and FTX.

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UNI launch pushes ETH miner fees high

On Friday, UNI lost 25 percent of its value but at the time of writing, UNI has shown a tiny rise, trading at $6.8642 against USDT. Binance added UNI two days ago.

The UNI launch provoked a high surge in ETH miner fees, causing approximately $1 mln in fees to be spent just within an hour.

That was partly due to the fact that Uniswap announced a giveaway of 400 UNI to each trader who had been using Uniswap since September 1.

The announcement was made earlier this week and 400 UNI was worth around $1,500 at some point, which was slightly more than one stimulus check granted to US citizens after the lockdown was lifted.

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