eToro USA LLC Cryptocurrency Trading

- Trade UMA and 50 other cryptos
- Instant buy with USD & advanced trading options
- Get $15 when you sign up and buy $100 of crypto. T&Cs apply.
UMA (UMA) is the 205th largest cryptocurrency in the world by market cap, valued at $234,000,031. The current price of UMA is $2.076, which is -4.244% lower than yesterday. Prices have ranged between $2.2 and $2.11 over the past 24 hours. All prices are listed in US dollars and accurate as of February 09, 2023 12:02 UTC.
UMA or Universal Market Access is an Ethereum-based protocol that allows its users to devise a wide range of customised collateralized synthetic crypto tokens. To put it in other terms, using the UMA ecosystem, two counterparties can come together to devise financial contracts (a la derivatives) that can be backed by various forms of collateral and are enforced using smart contracts.
UMA is the token that is native to the Universal Market Access protocol. It serves two key purposes: acting as a governance token for the system’s overall administration and fulfilling price requests that are made within the platform.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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