Uniswap has announced that former New York Stock Exchange (NYSE) chairman Stacey Cunningham will join the firm as an advisor.
Stacey Cunningham was the very first female president of the New York Stock Exchange (NYSE) just after beginning her trading profession on the floor. You stated in a statement that you completely think in the prospective of Uniswap’s dedication to fairer monetary markets. Cunningham was also named one particular of the BBC’s one hundred girls and joins the NYSE board of directors in December 2021.
two / Stacey started her profession as a floor trader on the New York Stock Exchange and worked her way up to getting to be its very first female president.
It joined Uniswap Labs due to the fact it represents the prospective of decentralized trading and Uniswap’s dedication to fairer markets.
– Uniswap Labs (@Uniswap) June 15, 2022
Uniswap stated it is betting on Cunningham’s experience with his practical experience moving from standard finance (TradFi) to DeFi to aid them even more create their place in Web3.
Essentially Uniswap is thought of a decentralized exchange that makes use of liquidity pools as opposed to Binance, a centralized exchange that acts as a market place maker. Overall, Cunningham’s present practical experience in trading standard stocks this kind of as the Nasdaq and NYSE looks closely connected to Uniswap’s mission.
In May, Uniswap reached $ one billion in trading volume on about four million addresses. This place Uniswap ahead of other rival platforms in the cryptocurrency market, together with CEX exchanges this kind of as Crypto.com and Kraken.
Furthermore, in accordance to statistics measured by Uniswap in late April, the platform also claimed to “beat” each Binance and Coinbase in terms of market place liquidity. Furthermore, Uniswap has just developed a new investment fund to emphasis all its efforts on Web3.
However, the newest Uniswap occasion demonstrates that despite the fact that the cryptocurrency market place is nonetheless falling into a significant economic downturn in latest instances and has proven no indicators of recovery, the entry of lots of popular and influential people today has elevated in the standard monetary globe, the cryptocurrency, demonstrating the lengthy-phrase development prospective of the market, ordinarily the former CEO of Google who has come to be an advisor to the Oracle Chainlink.
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