On June 15, Uniswap announced that former New York Stock Exchange President Stacey Cunningham would join the firm as an advisor. Uniswap stated that it is betting on her experience with TradFi translating over to decentralized finance (DeFi) to also help them evolve their place in Web3.
Cunningham served as the first female president of the New York Stock Exchange after starting her career as a trader on its floor. She stated in a statement that she believes in the possible Uniswap commitment to fairer markets.
Uniswap is betting on her experience with TradeFi translating over to decentralized finance to also help them evolve their place in Web3. Cunningham has also been listed as one of BBC’s 100 Women and joined the New York Stock Exchange board of directors in December 2021.
— Uniswap Labs 🦄 (@Uniswap) June 15, 2022
The platform enables automated transactions between crypto tokens on the Ethereum blockchain using smart contracts. Uniswap is considered a decentralized exchange (DEX) using liquidity pools as opposed to Binance a centralized exchange serving as a market maker. Cunningham’s existing experience with the general trading floor, trading traditional stocks, the NASDAQ, and NYSE all seem to be relative to Uniswap’s mission.Buy Crypto Now
In May, Uniswap announced that it had exceeded $1T in trade volume across nearly 4 million addresses. That placed the exchange ahead of other operators in the crypto industry such as Kraken and Crypto.com. On June 15, the DEX saw the price of Ethereum flash crash to $950 after a whale dumped 93,000 ETH over six hours.