Uniswap (UNI) Surges After China’s Latest Clampdown on Cryptos – FX Leaders

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Leading DeFi platform Uniswap is one of the biggest gainers in the crypto market in early trading on Monday, registering over 35% gains in the past 24 hours and rising to the 11th position based on its market capitalization. At the time of writing, UNI/USD is trading around $25.07.Uniswap’s recent surge could be attributed to China’s latest ban on cryptocurrency trading and mining, which brings renewed interest in DEXs. DEXs like Uniswap allow for decentralized P2P transactions, which experienced a sharp spike in trading activity over the weekend after the PBOC came down hard against cryptos, terming almost all activities related to the sector as illegal.On the fundamentals front, the bullish moves in Uniswap could be powered by its upcoming listing on tZero’s crypto app. The blockchain subsidiary of Overstock.com recently announced the addition of UNI as one of 15 cryptocurrencies and tokens on its platform, letting its customers trade the token on its platform.Meanwhil
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