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The surge in Uniswap’s trading volume is likely down to the surge in interest in ERC20 tokens, and the broader rise of DeFi, or decentralized finance. On Uniswap, users can swap ERC20 tokens at will, reducing the need for a counterparty. But the good news is that it’s a completely different story with token-to-token transactions. Coinbase doesn’t charge you any markup fee — but there’s some inevitable spread. And with some obscure trading pairs exchanging ZRX for BCH for instance, you might end up paying around 1 percent in spread. Still, it’s a much better user experience for those who just want to trade on Coinbase. The feature works with Bitcoin BTC, Ethereum ETH, Ethereum Classic ETC, Litecoin LTC, 0x ZRX and Bitcoin Cash BCH. It is only available to U.S. customers for now, but the company plans to roll out the feature to other countries too. |