Uniswap is a crypto token with the ticker symbol UNI. In this article, we’ve explained what the coin is, how it relates to the Uniswap exchange, and the risks and potential rewards in trading the token. This review aims to give you all the information you need to join the UNI community, including strategies and a how-to guide for getting started trading Uniswap.
Uniswap Brokers & Exchanges
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- Crypto Spread: Variable
- Min. deposit: $0
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- Crypto Spread: 30 (BTC)
- Min. deposit: $0
73-89% of retail investor accounts lose money when trading CFDs -
- Crypto Spread: $12 (BTC)
- Platforms: MT4, MT5, TradingView, TradeLocker
- Min. deposit: $100
71.28% of retail traders lose money when trading CFDs -
- Crypto Spread: 19.75 (BTC/USD)
- Platforms: FBS App, MT4, MT5
- Min. deposit: $5
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- Crypto Spread: 12 average (Bitcoin)
- Min. deposit: $0
- Regulator: FMA, FSA
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- Crypto Spread: BTC 1%
- Crypto Staking
- Platforms: eToro Web, CopyTrader, TradingCentral
61% of retail CFD accounts lose money. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Learn how we test brokers and why you can trust our ratings.
Here is a short overview of each broker's pros and cons
- IG 4.8/5 IG offers a growing selection of over 100 crypto CFDs and digital assets for buying, selling and storing. It also stands out with its crypto index, which tracks the value of the top 10 digital currencies by market cap and provides a holistic way to speculate on the value of the crypto market. Its crypto offering was also bolstered in the UK after it secured a digital asset license from the FCA, providing trading and investing on popular crypto coins in a regulated setting. It has also expanded its spot crypto offering to Australia, France, and Singapore.
- Pepperstone 4.8/5 Pepperstone continues to prove itself as one of the most trusted crypto CFD brokers. Although its selection of digital tokens is average, you can trade popular cryptos like Bitcoin and altcoins like Ripple with up to 1:10 leverage, while its crypto indices provide a holistic view of the digital currency markets not found on most day trading platforms. It has also launched a dedicated crypto exchange in Australia - Pepperstone Crypto.
- Eightcap 4.6/5 Eightcap’s crypto offering is best-in-class with 120+ crypto derivatives, surpassing that of almost every alternative. Testing also reveals Bitcoin spreads of 12 pips, coming in lower than most competitors. Add in convenient deposits and withdrawals in digital currencies, and Eightcap offers the complete package for serious crypto traders.
- FBS 4.3/5 FBS offers trading on crypto/metal, crypto/crypto or crypto/fiat pairs, making the broker a great pick for traders looking to diversify their digital asset portfolios. Spreads are also reasonable, averaging around 20.0 for BTC/USD.
- BlackBull 4.5/5 BlackBull excels for active traders interested in trading crypto. It has grown its selection of cryptocurrencies, now providing 27+ digital tokens, including Bitcoin, Ethereum, and Trump, with all cryptos paired with USD. But pricing is where it excels, with testing revealing average spreads of around 12 on BTC/USD - less than half that of competitors like Eightcap, plus there’s no commission, making it considerably cheaper than most crypto CFD brokers. BlackBull also offers separate well-presented crypto guides for beginner, intermediate and advanced traders. Up to 1:100 leverage is available on cryptos.
- eToro 4.0/5 eToro leads the way in cryptocurrency trading, offering competitive spreads and a fixed 1% commission, plus their own wallet service. The broker offers a vast list of 100+ tokens which is continually being updated, including 29 new tokens in April 2025, from AI to memecoins. It also brought in crypto staking in 2025, allowing users to earn rewards for HODLing digital assets. Crypto investments are risky and may not suit retail investors. You could lose your entire investment. Understand the risks here.
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| IG | 10153 | ||||
| Pepperstone | 3695 | ||||
| Eightcap | 3909 | ||||
| FBS | 10200 | ||||
| BlackBull | 3517 | ||||
| eToro | 32220 |
IG
IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and robust trade execution for experienced day traders.
Christian Harris, Reviewer
IG quick facts
- Coins
- BTC, ETH, SOL, XRP, BCH, ADA, TIA, LINK, EOS, HBAR, ICP, LTC, NEAR, NEO, ONDO, PEPE, DOT, POL, SHIB, XLM, SUI, TRX, TON, UNI, DOGE, AAVE, APT, ARB, AVAX, CRYPTO10
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- Variable
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime
- Minimum Deposit
- $0
- Regulator
- CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
Pros
- IG obtained a crypto asset license from the FCA, allowing it to re-enter the UK market to provide buying, selling and storing opportunities on 55+ digital tokens with fees from 1.49%, and all within an FCA-licensed environment.
- The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our 'Best Trading App' award.
- The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading, while IG has also added TradingView integration.
Cons
- IG applies an inactivity fee of $12-$18 per month after 2 years, deterring casual investors.
- Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges.
- IG has discontinued its swap-free account, reducing its appeal to Islamic traders.
Pepperstone
Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/5 support (18h a day on weekends).
Christian Harris, Reviewer
Pepperstone quick facts
- Coins
- BCH, BTC, ETH, LTC, DASH, ADA, LINK, DOGE, EOS, DOT, XRP, XLM, XTZ, UNI, BNB
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- 30 (BTC)
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView
- Minimum Deposit
- $0
- Regulator
- FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing and friendly agents knowledgeable about its products and trading tools.
- Offers a dedicated CopyTrading app for traders who want a less active approach to trading, available in some countries.
- Pepperstone has greatly improved the deposit and withdrawal experience in recent years, adding Apple Pay and Google Pay in 2025, as well as PIX and SPEI for clients in Brazil and Mexico in 2024.
Cons
- Overnight holding fees are higher than that found with some Market Maker brokers (usually Benchmark + 2.5%). This makes pepperstone an ideal broker for day traders and forex scalpers but less suitable for swing traders who often keep position open overnight.
- Execution may not feel as reliable in fast markets as headline speeds suggest. In our own testing, execution was fast at desired prices, but some community complaints focus on slippage, stop-loss fills and spread-sensitive order triggers during volatile conditions.
- Pepperstone has removed support for several tools that elevated the trading experience for active retail traders, notably Autochartist, Capitalise.ai and a free VPS for qualifying traders (now only pro traders in some countries).
Eightcap
Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row.
Christian Harris, Reviewer
Eightcap quick facts
- Coins
- BTC, ETH, LTC, BCH, XRP, XMR, DSH, EOS, XLM, ADA, TRX, DOGE, BNB, DOT, MATIC, VET, AXS, NEO, SOL, UNI, AAVE, KSM, THETA, CAKE, SUSHI, ATOM, XTZ, SNX, COMP, FLOW, EGLD, PUNDIX, RAY, ZIL, QTUM, BAND, OMG, FIDA, BADGER, NEAR and many more
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- $12 (BTC)
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- MT4, MT5, TradingView, TradeLocker
- Minimum Deposit
- $100
- Regulator
- FCA, ASIC, CySEC, FSC, SCB, FSA
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, SGD
Pros
- Eightcap added TradeLocker in 2026 for certain regions, marking it out as the best regulated TradeLocker broker, while still delivering Eightcap's ultra-fast execution and low fees for active traders on the charting software.
- After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market.
- Having excelled across all key areas for day traders, Eightcap outperformed every competitor to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title for 2025 and 'Best TradingView Broker' for 2025.
Cons
- Despite a useful library of educational guides and e-books in Labs, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
- Eightcap needs to continue bolstering its suite of 800+ instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
- In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
FBS
FBS is an excellent choice for day traders at every level and budget, with just a $5 minimum deposit and intensive academy for aspiring traders alongside access to MT4 and MT5.
Christian Harris, Reviewer
FBS quick facts
- Coins
- BCH, BTC, ETH, LTC, XRP, TRX, DOGE, SOL, XLM, BNB, ETC, ADA, DOT, LINK, UNI, SHIB, AVA, TON
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- 19.75 (BTC/USD)
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- FBS App, MT4, MT5
- Minimum Deposit
- $5
- Regulator
- ASIC, CySEC, FSCA, FSC
- Account Currencies
- USD, EUR, AUD, JPY
Pros
- FBS offers lightning-fast execution speeds from just 10 milliseconds, placing it among the industry leaders for highly active traders like scalpers who demand rapid order processing.
- FBS strikes the balance between robust features and ease of use, with a sign-up process taking <10 minutes, an intuitive app, advanced research through Market Analytics & more recently VIP Analytics, plus immersive education through the FBS Academy and Trader’s Blog.
- 24/7 customer support that performed excellently during testing is available, alongside a $5 minimum deposit, and a huge variety of 200+ funding options, making it ideal for traders with small accounts.
Cons
- Despite enhancing the selection of currency pairs, now providing over 70, FBS still trails industry leaders like BlackBull Markets in its market offering with a particularly narrow selection of commodities and indices.
- Although the FBS app offers a terrific mobile trading experience for aspiring traders and MT4/MT5 cater to advanced traders, the absence of cTrader and TradingView, which are increasingly offered by alternatives like Pepperstone, will deter day traders familiar with these platforms.
- There are only four base currencies available - EUR, USD, AUD and JPY (region dependant) - which isn't practical for minimizing currency conversion fees for many global traders, and is especially striking given the broker’s user base spans over 150 nations.
BlackBull
After improving its trading infrastructure with Equinix servers in London, reducing latency for traders, BlackBull is an obvious choice if you want to day trade stock CFDs with ECN pricing. With competitive spreads and no commission on a growing roster of digital tokens paired with USD, BlackBull also works for active crypto traders.
Christian Harris, Reviewer
BlackBull quick facts
- Coins
- BTC, ETH, SOL, XLM, XRP, BCH, ADA, SUI, TRUMP, LNK, DOT, DOGE, AAVE, AXS, HED, LTC, TRX, UNI, PYTH, ARB, BNB, AVAX, NEAR, ILV, ATM, INJ, POLY
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- 12 average (Bitcoin)
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist
- Minimum Deposit
- $0
- Regulator
- FMA, FSA
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD
Pros
- After partnering with ZuluTrade and Myfxbook, alongside improvements to its own CopyTrader, and finally enabling cTrader Copy, BlackBull offers one of the most comprehensive copy trading experiences we've seen.
- BlackBulls’s research is superb, especially the daily ‘Trading Opportunities’ articles that break down complex market movements into easy-to-understand insights, making it simpler to capitalize on emerging trends.
- BlackBull is a much greater fit for aspiring traders following the overhaul of its ECN Prime account, now featuring improved spreads averaging 0.16 on EUR/USD and a more accessible minimum deposit of $0 compared to the old $2,000.
Cons
- Despite a growing selection of 2,180+ assets, including additions to its Asia Pacific indices, they are mainly stocks with an average selection of currency pairs and indices.
- Unlike most top brokers, BlackBull charges an irritating $5 withdrawal fee, which can detract from the overall cost-effectiveness, especially for active traders who frequently move funds.
- Although the Education Hub now features improvements like webinars and tutorials, the courses we’ve explored need more focus on explaining the wider economic factors influencing prices.
eToro
eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers.
Christian Harris, Reviewer
eToro quick facts
- Coins
- BTC, ETH, BCH, XRP, DASH, LTC, ETC, API3, CRO, SKL, IMX, ADA, MIOTA, XLM, EOS, NEO, TRX, ZEC, BNB, XTZ, DOT, MKR, COMP, LINK, UNI, YFI, DOGE, AAVE, FIL, ALGO, ATOM, MANA, APE, LRC, ENJ, BICO, BAT, BNT, OGN, MATIC and many more
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- BTC 1%
- Crypto Lending
- ✘No
- Crypto Staking
- ✔Yes
- Platforms
- eToro Web, CopyTrader, TradingCentral
- Minimum Deposit
- $50
- Regulator
- FCA, CySEC, MiCA, MFSA, FSRA, ASIC, FSAS, MAS, GFSC
- Account Currencies
- USD, EUR, GBP, AUD, DKK
Pros
- eToro elevated the social trading experience in 2025, integrating insights from Stocktwits 10M+ users to help gauge market sentiment.
- Charts are powered by TradingView and offer strong technical analysis features, including 9 chart types and over 100 indicators.
- eToro introduced EUR and GBP accounts, and more recently BTC and ETH payments, cutting conversion fees and providing a localized trading experience.
Cons
- There is a $30 minimum withdrawal amount and a $5 fee, which will affect novices with low capital.
- There are limited contact methods aside from the in-platform live chat.
- There are no guaranteed stop loss orders which would be a useful risk management feature for beginners.
What Is Uniswap (UNI)?
Uniswap (UNI) is a top ten cryptocurrency with a market cap of nearly $20bn. It is an Ethereum blockchain token that powers the Uniswap Exchange, a decentralised liquidity provider (or a DEX as they are sometimes known). The Uniswap token is a governance token. This means it allows holders to vote on development work and decisions such as new fee structures.
Unlike cryptos such as Bitcoin and Dogecoin, Uniswap does not use an order book to match buyers and sellers or determine the token price. Instead, holders of Uniswap create market liquidity by adding their coins to a liquidity pool (LP).
Whenever liquidity is added, new liquidity tokens are minted that represent the value of the coin deposited. This allows Uniswap to be bought and sold by other traders while the owner holds onto the liquidity token. When any transaction occurs with the lent out Uniswap, the liquidity pool receives 0.3% of the transaction in return for lending their holdings. This is distributed proportionately among the pool. This is a form of decentralised finance (or DeFi), allowing users to create their own market liquidity rather than relying on banking institutions.
Uniswap liquidity providing is similar to staking and mining in that holders lend their coins to pools in exchange for interest. However, there are fundamental differences in the aim. Mining and staking aim to validate the network whereas liquidity pools replace the requirement for an order book.
History Of Uniswap
Uniswap was created in September 2020 to prevent exchange users from using rival DEXs such as SushiSwap. At its initial coin offering (ICO), Uniswap handed out 400 governance tokens to everyone who had ever used the platform. At the time, these tokens were worth around $1000, the current value is nearly $15,000. The price more than tripled in the first quarter of 2021, the height of the latest cryptocurrency bull run.
Uniswap’s founder, Hayden Adams started the company in 2018, having received the backing of various venture capital funds.
In April 2020, over $25m of cryptocurrency was stolen during a hack of the Uniswap exchange and Lendf.me (a DeFi lending platform). Uniswap was affected to a much lesser degree than Lendf.me, but the website was taken offline for a short time while developers fixed the vulnerability. In general, Uniswap is safe from hackers because of its decentralized nature. While centralized exchanges such as Coinbase look after the crypto-wallet on behalf of owners, Uniswap operates on a system of self-custody, meaning individuals hold their own crypto. This makes it much harder to hack on any large scale.
The 2020 Uniswap white paper set out the intentions for the Uniswap version 2 (v2) core contracts, in particular, the development of a hardened price oracle, flash swaps and the introduction of a protocol fee. In 2021, the version 3 (v3) whitepaper was released, introducing concentrated liquidity and multiple fee tiers allowing LPs to be compensated appropriately for risk.
Uniswap Trading Chart
Why Trade Uniswap?
There are many reasons why Uniswap is a good buy. Ultimately, investors should consider whether they believe the technology that underpins Uniswap will be the future.
- A good deal for liquidity providers – Uniswap is based on the emerging concept of DeFi (decentralized finance). This concept aims to revolutionize the finance industry, taking the power of credit from institutional banks and putting it into the hands of anyone with capital. By contributing to a liquidity pool, UNI holders lend their share to others and receive interest in return. This is likely to be a better return on investment than banks are offering.
- DEX growth – In March 2021, the daily trading volume of Uniswap reached $7 billion, having increased 450% in 24 hours. This was partly due to a brand new ERC-20 coin called Delta, which aims to reduce volatility issues in options trading. To buy Delta you have to use Uniswap, and so the DEX saw a huge jump in trading volume. Growth in the exchange means that the price of UNI is likely to hold its value, or rise.
- Future coin distribution – When UNI was created in 2020, users of the DEX received free UNI tokens in what is known as an airdrop. An airdrop is when crypto coins are distributed for free as a way of gaining attention for the token. Since this initial distribution, users have been speculating on when the next airdrop will be. Holders of UNI or ETH on the exchange could profit hugely. However, no further airdrops have been confirmed yet.
Risks Of Trading Uniswap
Investors should be aware that there are risks involved with trading on this relatively new asset.
- Extremely high gas fees – Uniswap’s liquidity pool system means that gas fees increase as Ethereum usage rises. Gas fees are paid by users to compensate for the energy usage required to complete a transaction on the Ether network. Currently, investors are finding that the price of gas fees, which can reach into the hundreds of dollars, are just too high. If this continues, it will impact the long term viability of the DeFi system Uniswap is built on, and therefore the value of the token itself.
- Risky tokens on the DEX – Anyone can create an ERC20 cryptocurrency on the Uniswap exchange and therefore new token listings, such as Hoge, Unistake and Ecomi, are added regularly. But, it’s vital that investors research an upcoming token thoroughly before investing. There has been news of fake versions of existing tokens popping up on Uniswap. Plus there’s no guarantee that a cryptocurrency will increase in value. If trust in the system fails, this could have an impact on the value of UNI.
- Uncertainty of price predictions – The Uniswap token saw growth of over 250% in the first quarter of 2021, causing optimism within the UNI community. Some coin commentators forecast that $100 is achievable by 2025. But investors should be cautious. Past performance is not an indication of future gain and there is no guarantee of ROI. Any price prediction should be fully researched and the risks taken into account.
Uniswap Trading Strategies
Arbitrage
Arbitrage is one of the best strategies to use with Uniswap because it utilises the automated market maker (AMM) system that bases coin prices on demand and supply within the pool. AMM means that there is often a difference in a coin price on Uniswap vs other centralized exchanges, such as Coinbase. Arbitrage involves taking advantage of this price discrepancy. For example, if Kraken is offering Bitcoin at $50,000 and Coinbase at $50,500, you can buy BTC on Kraken and sell on Coinbase, pocketing the difference. Arbitrage is a vital part of the AMM system on Uniswap, as traders will continue to buy until the price is in line with the market.
How To Start Trading Uniswap
Uniswap is available to trade with a number of brokers, including Coinbase. You can also swap tokens for UNI directly on the Uniswap exchange. To do this, you’ll firstly need to sign up to an ERC-20 compatible wallet service, such as WalletConnect, MetaMask or Portis and make sure you load it with ETH. Then, create a Uniswap account and login. Since Uniswap is decentralised, there are no KYC (know your customer) identity checks.
Login to your wallet and allow it to connect to Uniswap.5. You’ll then be able to swap ‘from’ one token ‘to’ another. Uniswap will provide you with a non-negotiable quote. Confirm the transaction and wait for it to be added to the blockchain. You can track its progress using Etherscan. The Uniswap exchange app is also available on mobile on both iPhone and Android.
If you’ve been waiting for confirmation of the transaction for a while, you might need to adjust your allowed slippage in the settings to account for the fee taken in the swap. Alternatively, you may not have enough gas for the fee. Top up your wallet with Ether and try again. If your transaction keeps failing or something else is not working, help and support for your query is available through the Uniswap community on Reddit, Discord and Twitter. Users can also keep up-to-date with announcements via the Uniswap blog.
Final Word On Uniswap
Uniswap is one of the biggest cryptocurrencies by market cap and has seen a huge jump in value since its creation. As a governance token for the Uniswap exchange, its price is determined by the success of the DEX technology it is built on. Investors should consider whether they believe in the concept of decentralised finance before investing. However, all indications so far suggest that rerouting power from institutional banks into the hands of the people could be the future of finance.
FAQ
What Is Uniswap (UNI)?
Uniswap (UNI) is an ERC-20 token that powers the Uniswap exchange. It is a governance token, which allows holders to vote on major decisions regarding the future of the exchange.
How Do I Use Uniswap (UNI) To Vote?
To vote on Uniswap exchange governance, visit the ‘Vote’ page of the Uniswap website. Here you’ll see a list of proposals that you can vote on. Create an account on gov.uniswap.org to participate in discussions and debates around the votes. Any holder can cast a vote, but you’ll need a minimum of 1% supply to submit a proposal.
How Do I Buy Uniswap?
Uniswap is available to purchase from some of the largest cryptocurrency exchanges, including Gemini. However, it can also be obtained on the Uniswap exchange by loading your ERC-20 compatible wallet with ETH and then swapping to UNI.
Can I Make Money From Uniswap?
Yes, Uniswap is a decentralised exchange that does not use an order book to determine the price of assets. Instead, it uses liquidity pools. Users that add their assets to a liquidity pool can earn a transaction fee for lending their liquidity to the market. As long as the value of the crypto increases, this will translate into real-world earnings. However, users should understand the risks involved as impermanent loss can occur.
Is Uniswap A Popular Cryptocurrency?
Uniswap is a top ten cryptocurrency by market cap, with a current valuation of nearly $20 billion. As a result, it’s a hugely popular option in the crypto space.