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UMA

How to buy UMA (UMA)

With Bitpanda, you can buy UMA (UMA) easily, quickly and securely and hold it in your UMA wallet.

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Sign up to Bitpanda

Create a Bitpanda account and confirm your email address.

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Verify and deposit funds

Confirm your identity with one of our trusted verification partners, and deposit funds.

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Start buying and selling UMA

You’re all set! Start buying Bitcoin and over 50 more digital assets.

About UMA (UMA)

The core idea of Universal Market Access (UMA) is what the name implies: give anyone access to the derivatives market. To do that, they built the UMA protocol running on the Ethereum network. Their vision: put derivatives on the blockchain. To do that, UMA was conceived as an open-source protocol that allows anyone to create their own financial contracts. This means that you can basically create your own financial products: synthetic tokens that track the price of anything, decentralised crypto futures or interest-paying synthetic tokens. You can read more about UMA and its possible use cases on the official UMA website.

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UMA was co-founded in 2018 by Hart Lambur who previously worked for Goldman Sachs

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UMA seeks to democratise and decentralise the financial derivatives market

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UMA is based on the Ethereum blockchain, its users can create, run and trade digitised derivatives from anywhere in the world

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The total supply of UMA is a little over 100 million tokens and 55 million of which are in circulation.

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In April 2020, UMA hosted an initial decentralised exchange offering on Uniswap

Why you should choose Bitpanda

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Easy and convenient trading platform for new and experienced users

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Secure, safe and free wallet service included

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Fast and reliable, available 24 hours a day, 7 days a week

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Over 50 digital assets, including Bitcoin, Ethereum, Ripple and more

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European company, founded in 2014 in Vienna, Austria

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Multiple fiat currencies, including euro, Swiss franc, British pound and US dollar