We’ve added six new cryptocurrencies to the Wirex app - give a warm welcome to UMA, OMG, BAT, ZRX, SNX and FTT!
Our latest arrivals are available to buy and exchange at exclusive live OTC rates. But before you do, let us introduce you.
UMA (Universal Market Access) was founded by Hart Lambur and Allison Lu in 2018. It is a decentralised protocol built on the Ethereum blockchain which allows you to trade assets using ERC-20 tokens without exposure to the asset itself. This gives people access to assets that would’ve been otherwise unavailable to them.
OMG (OmiseGO) was built on the Ethereum blockchain by Thai financial services company Omise in 2017. OMG works to allow users to transfer coins between blockchains without using a traditional exchange. It also allows transfers between traditional providers, such as Visa and Swift.
BAT (Basic Attention Token) was founded in 2017 by Brendan Eich and Brian Bondy. It aims to address inefficiencies in the digital advertising industry by rewarding users for viewing ads and assuring marketers that their messages are being seen by their target audience. BAT runs on the Ethereum blockchain and is integrated on a custom browser called Brave.
ZRX (0x) was founded by Will Warren and Amir Bandeali in 2016. It is one of many DeFi protocols on the Ethereum blockchain. It’s a software that aims to incentivise users to create custom crypto asset markets that don’t rely on traditional financial mediators.
SNX (Synthetix) is an Ethereum-based DeFi cryptocurrency that was founded by Kain Warwick in 2018. It serves to allow users to mint new crypto assets that imitate both crypto and traditional assets. Like ZRX, there’s no need for financial intermediaries as it enables its services solely through code.
FTT (FTX Token) works on the FTX exchange, which was founded in 2019 by Sam Bankman-Fried. FTT was designed to increase network effects and demand for the token, while also helping to decrease its circulating supply