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Uniswap (UNI) CFD Trading

Uniswap is the largest DEX on the Ethereum blockchain that enables users to trade without any centralised third party involvement. Start trading UNI with ATFX today.

Why trade Uniswap with ATFX?

Zero Commissions

ATFX charges no commission on Uniswap CFDs trading, and no bank fees for deposits and withdrawals from your ATFX account, dramatically improving the bottom line for Uniswap traders.

Trading Open 24/5

Trade Uniswap CFDs 24 hours a day, five days a week with the ability to open and close positions as you see fit with ATFX, your preferred Uniswap broker.

Go Long as Well as Short

Trade the ups and downs of Uniswap with our CFDs.

Trade Uniswap on Leverage

With ATFX you don’t own the actual cryptocurrency, but you still gain exposure to Uniswap’s price changes, and you only need to have 50% of the position value as margin. This also means that any profits or losses will be magnified and it is important that you understand the risks involved.

Uniswap (UNI) Price Today

Trading Conditions

Name	Uniswap vs Dollar
PRODUCT	UNIUSD
MINIMUM SPREADS	0.080
LOTS SIZE (MIN/MAX)	0.1/10
CONTRACT SIZE	100
PIP VALUE/LOT	1 USD
CURRENCY	USD
1:400 ACCOUNTS	1:10 Leverage
1:200 ACCOUNTS	1:10 Leverage
1:100 ACCOUNTS	1:10 Leverage
SWAPS	Refer to Trading Platform
TRADING HOURS* (MON)	00:05-23:59
TRADING HOURS* (TUE-THU)	00:01-23:59
TRADING HOURS* (FRI)	00:01-23:55

Uniswap History & Foundation

Hayden Adams started developing Uniswap in the fall of 2017. Hayden was a former mechanical engineer at Siemens. After getting laid off from Siemens, he learned Ethereum programming. He was fascinated by the idea of Automated Market Maker (AMM) presented by Vitalik Buterin in his blog posts. Uniswap V1 went live in November 2018 at Devcon 4 without any ICO or VC funding.

The first-ever funding that Uniswap received was from the Ethereum Foundation, worth $65,000. Uniswap became one of the pioneering proof-of-concept protocols for the Automated Market Maker (AMM) function on the Ethereum blockchain.

Uniswap closed a $1.8 million seed funding round in April 2019 led by Paradigm. Coinbase also chipped in with $1 million later in April 2020. The pioneering DEX raised another $11 million in its Series A funding in August 2020. Andreessen Horowitz led the Series A capital raise with other notable investments from USV, Paradigm, Version One, Variant, Parafi Capital, SV Angel, and A. Capital.

What is Uniswap?

Uniswap is a decentralised exchange that allows trustless swaps between cryptocurrencies. If you’re googling ‘how does Uniswap work’, you should narrow your search to the automated market maker (AMM) algorithm. Unlike centralised exchanges, which execute orders based on order books, Uniswap uses a constant product AMM. The protocol allows liquidity between any two cryptocurrencies that reside on the Ethereum blockchain. The liquidity providers are then rewarded by sharing in the platform fees.

As the name suggests, the constant product AMM works by keeping the product of the pooled assets constant. The following equation also explains this equilibrium.

Where ‘x’ and ‘y’ are the number of tokens of both assets in the liquidity pool at any time, and ‘k’ is their product which always stays constant. Whenever a user swaps cryptos on Uniswap, the supply of ‘x’ and ‘y’ changes, but their product remains the same. It means there will always be a price slippage depending on the order size. The feature also puts the respective pair into a price discovery mode and provides several arbitrage opportunities.

How to Use Uniswap?

If you want to learn how to use Uniswap, its UI/UX is pretty straightforward. First, however, you must know how to use Metamask or any other compatible web 3.0 wallet. The wallets supported by Uniswap include Metamask, Coinbase Wallet, Wallet Connect and Formatic.

Although Uniswap is a protocol of different smart contracts deployed on the Ethereum blockchain, you don’t have to be a programmer to trade on the top decentralised exchange (DEX). Uniswap’s website acts as the front end of the protocol and lets any user with no prior experience interact with the DEX. First, you need to connect your web 3.0 wallet to let Uniswap know about your holdings. This move doesn’t allow the app to transfer your balance unless you allow the same. Once you’ve connected your wallet, you can select the pair you want to trade from the drop-down menu or add your desired token by pasting the contract address. After choosing the pair, you must click the ‘Swap’ button and sign a message from your wallet to execute the trade.

UNI Airdrop

Uniswap launched its governance token known as UNI via an airdrop in September 2020. Before that, the protocol didn’t have a native asset. Therefore, UNI was airdropped to the early users, liquidity providers, and SOCKS redeemers based on a snapshot taken on 1st September 2020.

Uniswap airdrop was one of the most prominent highlights of 2020, as every user who interacted with the protocol could claim at least 400 UNI tokens. Furthermore, around 1200 addresses with a history of failed transactions on the platform also claimed UNI tokens.

Is Uniswap a Good Investment?

UNI is the native asset of the Uniswap ecosystem. Therefore, its prices are directly tied to the success of Uniswap as a DeFi protocol. So ‘Is Uniswap a good investment?’ you may ask. First, you should know that the coin is currently falling since hitting an all-time high of $45 in May 2021. Nevertheless, it is the governance token of the biggest decentralised exchange with billions of dollars in total value locked (TVL). Therefore, considering the protocol’s strong fundamentals, the current downtrend could be an excellent buying opportunity for long-term investors. After Uniswap’s success, many forks of the top DEX also went live on different blockchains. These included Sushiswap on Ethereum, Pancakeswap on the Binance Smart Chain, Quickswap on Polygon, Pangolin on Avalanche etc. As a result, Uniswap vs Pancakeswap is often a hot topic among crypto enthusiasts. Although Pancakeswap has lower fees due to BSC’s low gas environment, Uniswap still leads in terms of the total value locked on the platform. Moreover, most users trust Uniswap as it is secured by the Ethereum blockchain, the most decentralised smart contract platform compared to its competitors.

Uniswap price factors

Although many decentralised applications existed on Ethereum, the DeFi protocol took Ethereum’s network activity to new highs in 2020. At this time, the world was introduced to the concept of staking rewards, liquidity mining and yield farming. Uniswap played a vital role in this DeFi revolution by being the most liquid decentralised exchange and serving its users 24/7. The DeFi craze was in full swing when the Uniswap coin launched, and its price exploded. The coin hit $3 on its listing day and went parabolic. Like all other altcoins, a direct correlation between the UNI token price and Bitcoin prices can be seen. This factor became evident when the Bitcoin price surged in the second half of 2020. The massive influx of retail investors into crypto pushed the BTC price above $20,000 in December 2020. Since most cryptocurrencies were paired against Bitcoin on exchanges, their prices also went ballistic. The Uniswap V2 protocol was launched in May 2020, but the token went live in September 2020. UNI’s listing on leading exchanges aligned perfectly with the start of a Bitcoin bull run.

As the Bitcoin price went on a parabolic run in 2021, the UNI price also soared to record highs. UNI prices went as high as $45 in May 2021, generating life-changing returns for the people who got free tokens during the airdrop. The UNI all-time high also coincided with Uniswap V3, which went live on 5 May 2021. The chart above shows the surge in UNI prices at the end of 2020. By May 2021, BTC was trading around $60,000 after reaching a high of $65,000 in April. This was when a sudden Bitcoin crash jolted the entire crypto market. The massive sell-off sent Bitcoin prices below $29,000 in June 2021. The Uniswap price also took an enormous hit and plummeted to $14 in July 2021, demonstrating that the Uniswap price was tied to Bitcoin’s price action, just like all other altcoins. In the 4th quarter of 2021, Bitcoin prices hit a new all-time high, but the UNI token failed to print new highs. The price action could be termed a relief rally that reduced the UNI price to $31 before nosediving. After topping out at $69,000 in November 2021, the Bitcoin price entered a severe downtrend, which is yet to end. The ongoing bearishness has pushed the Uniswap price into a downward spiral. The coin is now trading at just $5, which is 88.8% below its all-time high. This correlation also suggests that any Uniswap price prediction depends on Bitcoin’s price action.

UNI coins circulating supply

The circulating supply of UNI coins also plays a significant role in its price action. The Uniswap (UNI) coin has a total supply of 1 billion tokens. It has a current circulating supply of 456.4 million coins. 60% of this total supply is allocated to the community members, including the 2020 airdrop. 21.51% tokens are reserved for the team and future employees with a 4 – year vesting schedule. Early investors and advisors are entitled to 17.8% and 0.069% tokens, respectively, with 4 – year vesting.

How to invest in Uniswap?

If you are wondering how to buy Uniswap, there are several ways through which you can gain exposure to its native asset, UNI. These include spot markets, futures contracts and CFDs. Spot Exchanges like Binance, FTX and Kucoin could be helpful if you have a long-term perspective. However, CFD trading could be a better option if you’re a trader and just want exposure to the volatility of UNI’s price action. CFDs or contracts for difference allow you to increase your position size with little capital, known as ‘margin’. In CFDs, you don’t own cryptocurrencies. Instead, you speculate on the direction in which the prices are heading. This makes CFD products ideal for investors with low initial capital. Another benefit of leveraged products like CFDs is that you don’t have to hold or manage the assets on any blockchain.

FAQ

What is Uniswap, and how does it work?

Uniswap is a decentralised exchange built on the Ethereum blockchain. It leverages a constant product automated market maker algorithm to enable seamless swaps between cryptocurrencies.

What affects Uniswap prices?

The Uniswap price follows Bitcoin’s price action, just like most other altcoins. Major network upgrades and certain news also affect its prices. The total value locked (TVL) inside the protocol also influences the UNI price.

How to trade Uniswap or How to start investing in Uniswap?

You can trade Uniswap via a reliable CFDs broker like ATFX.com. You can also buy it from crypto exchanges like Binance, FTX, Kucoin, etc.

What is the best way to trade Uniswap?

The best way to gain exposure to Uniswap is by trading CFDs. This is because they allow you to hold a much bigger position with just a fraction of capital, known as ‘margin’.

What is the minimum amount to start trading Uniswap?

There are no minimum requirements. You can invest as low as $10 on most spot exchanges. You can increase your position size by trading CFDs as well.

Why was Uniswap created?

Uniswap was created to unleash the true power of automated market maker (AMM), which Vitalik Buterin proposed in his 2017 blog posts. The self-taught Ethereum developer Hayden Adams built its initial version.