Uniswap to Be Listed on Upbit
2024-10-23


Upbit will list Uniswap (UNI) on October 22nd at 07:00 UTC under the UNI/KRW and UNI/USDT trading pairs.
UNI Info
Uniswap is a decentralized trading protocol known for its role in facilitating automated cryptocurrency exchanges. The protocol operates on the Ethereum network.
The Uniswap protocol consists of a set of smart contracts that enable direct trading interactions between users on the Ethereum blockchain. Technically, Uniswap is a decentralized exchange (DEX) that allows participants to buy and sell cryptocurrencies directly without the need for a centralized intermediary.
The Uniswap protocol utilizes automated market maker, which means that users can trade their assets directly with the financial reserves stored in the contracts. This differs from traditional exchanges where trades go through an order book and require centralized servers to execute transactions.
This approach enables Uniswap participants to trade cryptocurrencies in real-time, provides a high degree of transparency, and eliminates the need to trust a centralized party. Each operation on Uniswap is recorded on the Ethereum blockchain, ensuring the immutability and integrity of trading data.
Uniswap is governed through its native governance token, UNI. UNI token holders have voting rights in protocol governance matters, further enhancing its decentralized nature.