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PricesUMA Price

Universal Market Access

UMA

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Please note: like most trading venues, we display the current mid-market rates in our price charts. When you trade, you get the current bid or ask price depending on whether you are buying or selling. There is always a slight difference between the mid-market and the current bid or ask prices. This is a natural result of how Exchange order books work.

Digital currencies are very high risk. Do not invest money you can’t afford to lose. Please consider the suitability of crypto for your individual position before trading.

Universal Market Access is a decentralised platform that allows developers to create synthetic assets on the Ethereum blockchain. UMA is the governance token of the UMA protocol.

The set of UMA protocols was specifically created to remove third-party intermediaries from the financial derivatives market, ushering in an easily accessible global marketplace in which anyone, anywhere, can create and trade contracts. 

Co-founded by Hart Lambur and Allison Lu, both formerly of Goldman Sachs, the platform enables investors of all sizes to trade any asset using ERC-20 tokens but without actual exposure to the asset itself.

Smart contracts allow users to gain exposure to the price movement of any financial asset – provided a market maker on the platform is willing to provide exposure. Users can go long or short financial instruments and cryptos that otherwise would be difficult to access on centralised exchanges or over-the-counter (OTC) markets. 

How to buy Universal Market Access (UMA)

With Uphold, you can set up an account, verify your identity and buy crypto with ease.

Here is how:

1. Go to Uphold.com and click ‘Sign up’

2. Enter your email address, phone number and your personal details

3. Tell us how you plan to use Uphold and provide some basic financial information (e.g., employment status and source of funds)

4. Verify your identity by providing an ID document and taking a ‘selfie’

… and you’re off to the races!

Just start trading.

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