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Finance

Uniswap Token Rallies After Being Added to Robinhood’s Crypto Trading Menu

Offering UNI sent the token higher Thursday afternoon.

By Michael Bellusci
AccessTimeIconJul 14, 2022 at 6:17 p.m. UTC
Updated May 11, 2023 at 5:42 p.m. UTC
UNI got major liftoff from its listing on Robinhood's platform. (OsakaWayne Studios/Getty images)
UNI got major liftoff from its listing on Robinhood's platform. (OsakaWayne Studios/Getty images)

Uniswap's UNI surged nearly 20% in the latest 24-hour period after broker Robinhood Markets (HOOD) added the token to its crypto trading platform.

  • The decentralized exchange's ERC-20 token boasts a market capitalization of about $4.7 billion, and had about $394 million in trading volume.
  • Robinhood made the announcement in a Twitter post Thursday. The platform now offers users a total of 13 crypto assets.
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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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    Michael Bellusci

    Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

    Follow @mikeybellusci on Twitter