CME Group to launch Uniswap futures as UNI drops 21%
The Uniswap token, known as UNI, slid on Saturday and has lost about a fifth of its value in two weeks, even as its futures debut nears.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
CME Group is set to launch futures tied to Uniswap, the token known as UNI. The token fell on Saturday, two days before the planned debut, and has dropped 21% over two weeks. Blockchain data indicated that selling on Binance was easing from its yearly high.
Why it matters
Investors are asking whether the futures launch can halt the token's decline.
Timeline
- Oct 17, 7:33 AM ET: UNI fell on Saturday, while blockchain data suggested selling on Binance was easing from its yearly peak.
- Oct 18, 8:41 AM ET: UNI was still down 21% over two weeks, with investors questioning whether the upcoming CME futures launch could reverse the slide.
Coverage
- Wall Street Is About to Get Uniswap Futures. Why Is UNI Down 21% in Two Weeks? (247wallst.com)
- Uniswap Drops As CME Futures Debut Nears: Is Selling Pressure Fading? (stocktwits.com)
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