Word Of The Street Is Uniglo io Bagged A Deal With Coinbase FTX And Binance

28 October 2022

in BNB

Reading Time: 3 mins read

The internet is currently abuzz with the news that Uniglo.io (GLO) has secured deals with some of the biggest names in the crypto world – Coinbase, FTX (FTT), and Binance (BNB).

This is excellent news for the Uniglo team and investors as the company looks to expand its footprint in the digital currency space. With the backing of one of the biggest names in the industry, Uniglo is well-positioned to become a leading player in the area.

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Uniglo.io (GLO)

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Uniglo (GLO) is a relatively new addition to the Ethereum network that aims to overcome market volatility by implementing two distinctive features: Ultra-Burn mechanic and asset-backed vault.

The burning feature lets GLO constantly reduce the supply of circulating tokens and boost the price. Meanwhile, asset-backing allows GLO to rest peacefully once the bears hit the market.

GLO vault will store a diverse collection of cryptocurrencies, stablecoins, NFTs, and various digitized assets to give the native token strong backing.

Uniglo’s launch date is approaching, and the team has started discussing collaboration with major exchanges. While a few DEXs have been on Uniglo’s checklist, listing on centralized exchanges is something special investors greet with excitement.

Coinbase

Coinbase is the biggest cryptocurrency exchange in the United States, allowing users to buy, sell, and exchange over 150 tradable cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, and many more. Customers may also keep their digital currency in a Coinbase wallet.

The absence of a utility token distinguishes Coinbase from the other leading exchanges. However, this does not diminish Coinbase’s image since it remains one of the world’s largest centralized exchanges.

FTX (FTT)

FTX is a centralized international cryptocurrency exchange that differentiates itself by delivering new products such as derivatives, options, and leveraged tokens. It also supports over 300 coins, a high amount compared to rivals.

FTX, situated in the Bahamas, entered the cryptocurrency industry in 2019 with the ambition of becoming the world’s premier token trading platform.

Binance (BNB)

Binance remains one of the world’s leading cryptocurrency exchanges, allowing consumers the most cryptocurrency trading pairings of any trustworthy exchange. This makes Binance the biggest by trading volume.

Binance was created in 2017 and swiftly grew in popularity because of its cheap fees, vast selection of cryptocurrencies, and creative offerings. Binance now provides every crypto product imaginable, including exchange, earn, staking, futures, loans, payments, credit cards, NFTs, and more.

Binance has two own tokens: BUSD, a stablecoin, and BNB, which has historically done well because of its cheap costs.

The bottom Line

Listing on reputable exchanges like Coinbase, FTX, or Binance would allow Uniglo to tap into a new pool of potential investors and users, which can help to accelerate growth and adoption. It can also help increase a project’s visibility and credibility.

Exchanges are very selective about the projects they list, so being accepted by one is a vote of confidence for GLO.