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

Offering UNI sent the token higher Thursday afternoon.

AccessTimeIconJul 14, 2022 at 6:17 p.m. UTC
Updated Jul 14, 2022 at 6:42 p.m. UTC

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

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.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

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

CoinDesk - Unknown

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

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC