Decentralized Exchange Uniswap Raises $11M
Main page News, Cryptocurrency Exchanges

The developer of the decentralized exchange Uniswap has raised $11M in investments, according to a report published by the US Securities and Exchange Commission (SEC).

The document, which was published on June 19, reports the company sold securities to 12 investors on June 5.

A month earlier, the developers launched Uniswap v2, an updated version of the exchange. According to Messari's research director Eric Turner, visits to Uniswap have increased 15-fold:

"Uniswap went from 90,000 visits to 1.42 million in a single month. That is an impressive growth."

In addition, between June 20 and July 20, trading volumes on the platform increased sevenfold, from $6.2M to $43.7M, while on July 27 they peaked at $120M.

It has recently been known Uniswap's trading volume has exceeded the trading volume of Gemini, Poloniex and Binance exchanges combined.

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