UMA (UMA) Crypto Exchange
Access the best UMA exchange rate on ChangeNOW and perform an instant conversion. No limits, accounts, or worries. Spend your time and energy on what matters — we’ll handle the rest.
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UMA market information
UMA Price for today is $1.76. Its current circulating supply is uma 114,163,905 with a market cap of $126,266,745.26.
PRICE
$ 1.76
MARKET CAP
$ 126,266,745.26
24h % PRICE
-0.49 %
24H VOLUME
$ 7,168,461.04
7d % PRICE
-8.34 %
COIN SUPPLY
114,163,905 UMA
What is UMA
Universal Market Access (UMA) is a decentralized protocol for creating Ethereum-based synthetic assets. It aims to achieve economic freedom by creating universal access to financial markets. UMA’s was formally announced in December 2018 on Medium by Hart Lambur and Allison Lu, who both previously worked in trading.
The UMA network is made up of two main parts: Priceless Contracts and Optimistic Oracle. Priceless Contracts are financial contract templates that are publicly available and can be used by developers to create different financial contracts including synthetic assets. Synthetic assets created with the help of priceless contracts can be labeled as completely collateralized without on-chain prices. UMA utilizes a Data Verification Mechanism (DVM) for its dispute resolution system which is a part of Optimistic Oracle that retrieves prices. DVM is only activated when the value of collateral backing a synthetic token is disputed. The assets’ prices used by DVM are reported by UMA holders who reference them off-chain.
In October 2021, UMA’s Optimistic Oracle was utilized by the Sherlock protocol, a risk management platform . The Sherlock protocol will activate the oracle if the initial decision claim is incorrect. UMA holders will review the claim and come up with a decision without bias.
How to Buy UMA
You can buy UMA on ChangeNOW with one of the 450+ crypto or 50+ fiat currencies by following the steps below:
Pick UMA as the “You get” currency above.
Choose crypto or fiat currency to buy UMA with.
Enter your UMA wallet address.
Send your deposit to a one-time address.
Receive your exchanged coins in approximately 5 mins!
How to Sell UMA
Swap UMA coins for one of the assets in our rich crypto selection by following the steps below:
Pick UMA as the “You Send” currency above.
Choose the asset you’d like to get for your UMA.
Enter the wallet address of the coin you’d like to get.
Send your deposit to a one-time address.
Receive your exchanged coins in approximately 5 mins!
UMA – USD Exchange
ChangeNOW provides for all your exchanging needs, even beyond crypto to crypto transactions, allowing you to buy or sell UMA with a bank account or a Visa/Mastercard credit card. This service also does not require registration, even in the case of cashing out. With ChangeNOW you will get the best possible exchange rates, and only the required minimum amount of fees, such as network fees.
Why exchange UMA with ChangeNOW
- ChangeNOW is a non-custodial service, and we never control, store, or hold your funds in any way.
- Once you deposit your UMA at the address, your exchange is complete within minutes.
- We offer UMA exchange options along with a versatile range of other cryptocurrency assets to choose from.
- We don’t require you to sign up, remember passwords, or go through elaborate procedures to get what’s legitimately yours.
- We don’t believe in limiting you, your money, or your earning potential. Swap as much as you like – limits are not our thing.
