Stacey Cunningham, Former Chairman Of The NYSE Becomes An Advisor To Uniswap

Uniswap has announced that Former New York Stock Exchange (NYSE) Chairman Stacey Cunningham will join the company as an advisor.

Stacey Cunningham served as the first female president of the NYSE after starting her trading career on the floor. She said in a statement that she fully believes in the potential of Uniswap’s commitment to fairer financial markets. Cunningham has also been named one of the BBC’s 100 Women and joined the NYSE board in December 2021.

Uniswap said it is betting on Cunningham’s experience with her expertise moving from traditional finance (TradFi) to DeFi to help them further develop their position in Web3.

Essentially Uniswap is considered a decentralized exchange using liquidity pools as opposed to Binance, a centralized exchange that acts as a market maker. Overall, Cunningham’s existing experience with trading traditional equities such as the Nasdaq and NYSE seems closely related to Uniswap’s mission.

In May, Uniswap hit the $1 billion mark in trading volume across about 4 million addresses. This has put Uniswap ahead of other rival platforms in the crypto industry including CEX exchanges like Crypto.com and Kraken.

Besides, according to statistics measured by Uniswap at the end of April, the platform also said that it is “beating” both Binance and Coinbase in terms of market liquidity. In addition, Uniswap has just established a new investment fund to focus all of its efforts on Web3.

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