All quotes are firm for their displayed duration and are inclusive of our fees and spread. Learn more about Uphold’s fees and spread.
Quotes are temporary and non-executable. You must sign in to your Uphold account to execute a quote and start trading.
Like most trading venues, our price charts display current mid-market rates. When you trade, you receive the current bid or ask price, depending on whether you are buying or selling. The difference between the mid-market rate and the bid or ask price is the spread, which is a normal feature of how exchange order books work.
Digital currencies are high risk. Do not invest money you cannot afford to lose. Please consider whether trading crypto is appropriate for your individual circumstances before investing.
What is Numeraire (NMR) and how does it work?
Numeraire (NMR) is a blockchain-based hedge fund that uses AI and crowd-sourced trading algorithms.
NMR is the protocol’s native currency. It’s an ERC-20 token that helps secure the network via validator staking.
Backed by Renaissance Technologies co-founder Howard Morgan, the protocol aims to place a decentralized spin on popular quantitative trading strategies, according to Messari. The project’s core offering is The Numerai Tournament, a monthly competition in which users (the majority of whom are data scientists) design and submit bespoke trading algorithms designed to predict the stock market. Numerai allows users to stake NMR to the model they feel will offer the best performance.
These models are subsequently scored for accuracy, with the best-performing ones combined to form a ‘meta model’ on which the Numerai Hedge Fund trades the stock market. Users are rewarded with additional NMR for making correct predictions; on the other hand, those who bet incorrectly see their stake burned.
Further NMR is provided to users on account of the fund’s performance.Â
Signals is another one of Numerai’s offerings in which participants submit and vote on trading signals. Depending on the signals' level of predictive value, users get rewarded with NMR.
Similar Assets
Trust in transparency
The transparency you need - gain insights into fees, have your questions answered and feel secure with our lawful dedication.Â
Navigate seamlessly with our detailed answers to frequently asked questions.
With reserves exceeding 100%, your funds are ready for withdrawal anytime.
Transparent service fees.
We are seriously dedicated to compliance and transparency.
Instant support, assistance and answers to your questions.