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The popular Uphold digital money platform with more than 1.7 million customers globally has announced that it is adding four new cryptocurrencies to its trading platform. Uphold is a multi-use platform that is used by businesses to pay people around the world, or to accept customer payments in cryptocurrencies and convert them automatically into local currencies. It is also a popular trading platform to buy, sell, hold, or send cryptocurrencies.
As of October 7, 2021, there are four new additions to the Uphold Exchange. Curve DAO (CRV), SushiSwap (SUSHI), Axie Infinity (AXS), & The Sandbox (SAND) are added and designated as Tier 3 assets. Tier 3 are digital assets that users can buy, hold, sell, deposit, withdraw and send.
We will take a closer look at the four cryptocurrencies Uphold has added to its platform. These new digital assets will be available to the United States and other regions Uphold caters to except the UK & Europe.
1. Curve DAO (CRV)
Curve (CRV) is a decentralized exchange (DEX) and a liquidity provider designed specifically to provide DeFi services to stablecoin users. The network borrows many concepts from Uniswap such as integration of an AMM and liquidity pools. As such, it’s often referred to as the “Uniswap of stablecoins” by its developers.
Curve has grown in popularity since the concept was first introduced in 2019. Today, the project is a favorite among stablecoin traders and liquidity providers looking for minimal slippage and deep liquidity.
2. SushiSwap (SUSHI)
SushiSwap (SUSHI) is an AMM (automated market maker) and DeFi token that continues to see growing adoption. The DEX was designed to improve on one of the most popular Ethereum Dapps in the world, Uniswap. Specifically, SushiSwap introduces more community control mechanisms and DeFi features into the platform.
SushiSwap is geared to DeFi users. The platform allows anyone to swap tokens and add liquidity to pools. SushiSwap provides users with multiple ways to earn a passive income with less risk. You can also stake SLP tokens to earn SUSHI and stake SUSHI for xSUSHI and earn rewards.
3. Axie Infinity (AXS)
Axie Infinity (AXS) is a play-to-earn cryptocurrency ecosystem and gaming network. The platform enables users to earn AXS by playing various games within the Axie Infinity Universe and through user-generated content initiatives. Players can earn rewards by collecting, trading, battling, raising, and mating digital assets called Axies.
Notably, Axie Infinity is extremely popular at this time. The network ranks #1 in terms of daily, weekly, and active users. Additionally, the network serves a vital role in providing a fun and educational way to introduce the world to blockchain technology.
4. The Sandbox (SAND)
The Sandbox is a virtual ecosystem to create, own, govern, and most importantly play in a virtual world that is both crafted by players and continuously expanded by these same loyal gamers . The game features NFTs (Non-Fungible Tokens) that are unique and interchangeable for in-game assets that are optimized for the Sandbox virtual world
Visit our How to Buy The Sandbox guide.
Buy & Sell on Uphold
Uphold is an extremely unique platform on both desktop and through a mobile app that allows you to trade cryptocurrency, metals, stocks, and other assets with ease. The company was founded in 2014 and is based in the United States. Readers who wish to learn more should read our Uphold Review or visit Uphold.
Uphold Disclaimer: Assets available on Uphold are subject to region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.