Universal Market Access (UMA)

What is UMA? 

Universal Market Access (UMA) is a synthetic-asset protocol that allows anyone to recreate traditional financial products, exotic crypto-based products, and more. 

Through UMA, two counterparties come together to create a financial contract that is secured through economic incentives (collateral), and enforced through smart contracts on Ethereum.

What products support UMA?

  Send/Receive Trading
Coinbase            ✔       ✔
Pro           ✔       ✔
Wallet           ✔      ✖️

What regions support UMA?

  US  NY CAN EU  UK  DE SG  JP
Coinbase    ✔  ✔   ✔  ✔  ✔  ✔  ✔ ✖️
Pro    ✔  ✔   ✔  ✔  ✔  ✔  ✔ ✖️
Wallet  ✔  ✔   ✔  ✔  ✔  ✔  ✔ ✖️

Crypto to fiat trading pairs

   US UK EU
USD   ✔  ✖️ ✖️
GBP  ✖️  ✔
✖️
EUR  ✖️  ✔

Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.

Crypto to crypto trading pairs

  USDC BTC ETH USDT
UMA      ✖️   ✔   ✖️   ✖️

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.

How many confirmations are needed for UMA?

UMA requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts UMA?

UMA is hosted on the Ethereum blockchain.

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

There is a withdrawal minimum of 0.07 and a maximum of 62,500 to send from Coinbase to an external address.

 

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