Global Rank
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Market Cap
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24hr Volume
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24hr Change
0.00%Universal Market Access (UMA) is a protocol that aims to make the financial derivatives markets accessible to all. It allows individuals to create synthetic assets that are a representation of multiple underlying assets. For example, UMA’s first synthetic asset, ETHBTC, represents the price relation between Ether and Bitcoin.
UMA also enables users to create personalized digital and self-regulated financial contracts that can represent any real-world derivatives. UMA is the governance token of the protocol and UMA holders can vote on any changes to the protocol that developers propose. UMA has a market capitalization of more than $392 million and is ranked as the 48th largest cryptocurrency.
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