Uniswap could rival traditional financial firms

Description

Uniswap, one of the world’s largest decentralized exchanges (DEXs), could rival traditional financial institutions in scale if regulatory conditions were different. That’s the view of Matt Hougan, Chief Investment Officer at Bitwise Asset Management, who argued that Uniswap’s current $6 billion market capitalization understates its true value. Uniswap at $6 billion feels too small. If it were a company, it would be the 400th largest financial services business in the world — roughly the same siz...