Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please click here to read our full Risk Warning.

74.91% of retail investor accounts lose money when trading CFDs with this provider.

UMA (UMA/USD)

We regret to inform you that Indication Investments Ltd is exiting the Temporary Permission Regime and will no longer be accepting clients from the United Kingdom.

UMAUSD is the token for the UMA project. The company is one of the developers of a protocol to create synthetic assets, which allows users to write self-executing smart contracts with economic guarantees. UMA was developed to support financial innovations made possible by open public blockchains such as Ethereum. UMA defines an open-source protocol that allows any two counterparties to develop and create their own financial contracts. However, unlike traditional derivatives, UMA contracts are insured only through economic stimuli, which makes them self-sufficient and open to the public.

The project's investors are Placeholder, BainCapital Venture, Blockchain Capital, Two Sigma Ventures, Box Group, Coinbase Venture, Dragonfly Capital Partners and Fintech Collective.

Token owners have two main responsibilities:

  • Voting for price queries on financial contracts using DVM
  • Managing the UMA ecosystem by voting for parameter changes and approving system updates.

Voters who participate and vote correctly receive inflationary remuneration (currently, it's 0.05% of the total number of network tokens) that is proportionally distributed by rates.

Opportunities for traders 

The UMA token started trading in May 2020. In just a short period, the token is now in the top 40 tokens, with an over $550 million market capitalisation. For the period from 01.06.2020 to 01.09.2020, the UMAUSD price increased by 15.9 times. 

At the same time, the token shows a lot of movement during intraday trading hours. Its average intraday volatility is 25%. 

How to buy and sell UMAUSD

You can buy and sell CFDs for UMAUSD through a broker or a trading platform, such as MetaTrader 4 or Libertex, where leverage can be used, and you can trade if the cryptocurrency's value goes down or up.

Get this report