FTX Launches Uniswap Index

FTX an exchange launched in 2019 which became popular among traders for its diverse range of trading products and markets has today launched a Uniswap index

Uniswap is a decentralized protocol based on Ethereum for providing liquidity to the Ethereum Network. It became popular in the past few months due to the yield farming craze.

The Uniswap index price will be the sum of the asset prices of the pools listed on FTX’s support page multipled by FTX’s ETH index.

With the launch of the index came the 4 products based around it. A Uniswap perpetual contract, a Uniswap futures contract, and 2 Uniswap leveraged tokens.

Jerome Bowers

Jerome has been in the cryptocurrency world for a number of years. He began his cryptocurrency adventure by mining Bitcoin on an old computer. Soon after he got into trading and is now a writer for CoinsConcise.

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    Jerome Bowers