What is the current price of UMA (UMA)?

The current price of UMA (UMA) is 2.081498882647509 AUD, representing a -1.14 from the day prior.

Can I buy UMA (UMA) on Coinstash?

Yes - you can easily buy and sell UMA (UMA) on Coinstash. Simply login or sign up, to start buying UMA (UMA) in minutes.

Where is the best place to buy UMA (UMA) in Australia?

The best place to buy UMA (UMA) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell UMA (UMA) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of UMA (UMA)?

The trading volume of UMA (UMA) is 31.6M AUD in the last 24hrs, representing a -1.14 from the day prior.

How can I buy UMA (UMA)?

UMA (UMA) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of UMA (UMA)?

The current market cap of UMA (UMA) is 176.9M AUD.

Can I convert UMA (UMA) to cash?

Yes - With Coinstash you can convert your UMA (UMA) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many UMA (UMA) are there?

The current circulating supply of UMA (UMA) is 86.7M.

Is Coinstash a safe place to buy UMA (UMA) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling UMA (UMA) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy UMA

What is UMA?

UMA (Universal Market Access) is an open-source protocol built on the Ethereum network. It allows users to create financial contracts and synthetic assets, aiming to democratise access to financial markets by providing infrastructure for decentralised finance (DeFi) applications.

How does UMA work?

UMA works on the Ethereum blockchain, utilizing smart contracts to facilitate the creation of synthetic assets and financial derivatives. The protocol's key features include an Optimistic Oracle that verifies data requests and resolves disputes through the Data Verification Mechanism (DVM). UMA token holders participate in governance and price oracle functions, ensuring correct management of contracts.

What are the potential use cases for UMA?

UMA can be used to create synthetic assets that replicate real-world asset values without actual ownership. This allows participation in diverse financial markets, decentralized finance applications, and custom financial products. It can disrupt traditional finance by lowering barriers to entry and offering censorship-resistant financial instruments.

What is the history of UMA?

UMA was co-founded by Hart Lambur and Allison Lu, with a background in traditional finance. It was launched in December 2018. Since its inception, UMA has released several innovations, such as the "priceless synthetic" token ETHBTC, and continuously expanded its offerings. UMA has attracted attention through its unique oracle system and experienced significant market engagement, exemplified by notable price surges.