Uphold Adds OriginTrail (TRAC), Mina Protocol (MINA), Arweave (AR), Convex Finance (CVX) & Spell Token (SPELL) to Trading Platform

The popular Uphold digital money platform with more than 1.7 million customers globally has announced that it is adding five new cryptocurrencies to its trading platform. Uphold is a multi-use platform that is used by businesses to pay people around the world, or to accept customer payments in cryptocurrencies and convert them automatically into local currencies. It is also a popular trading platform to buy, sell, hold, or send cryptocurrencies.

As of January 8, there are five new additions to the Uphold Exchange. Uphold Adds OriginTrail (TRAC), Mina Protocol (MINA), Arweave (AR), Convex Finance (CVX) & Spell Token (SPELL) to the Trading Platform.

We will take a closer look at some of the featured cryptocurrencies Uphold has added to its platform. These new digital assets will be available to the United States and other regions. UK & Europe residents are prohibited from trading on Uphold.

1. Mina Protocol (MINA)

The Mina Protocol (MINA) operates as a smart contract compatible proof-of-stake (PoS) blockchain and cryptocurrency. The protocol is unique in that it limits block capacity to only 22 kilobytes in size. This ingenuitive approach helped the platform earn the title of “the world’s lightest blockchain” by developers.

The Mina Protocol (MINA) integrates various cutting-edge cryptocurrency technologies to alleviate multiple problems in the market. Primarily, the platform helps to combat centralization. Mining Centralization has long been an issue for early blockchain. In the future, these issues will affect nearly every network. The very nature of blockchain technology is to blame for this centralization. As blockchains grow, miners need to keep a copy of the valid transaction history.

To learn more visit our Investing in Mina Protocol guide or our How to Buy Mina Protocol guide.

2. Arweave

Arweave (AR) operates as a next-gen decentralized storage network. The platform creates a secure and globally accessible permanent information storage network. The goal of the project is to create a more long-term version of the internet and reduce developer restrictions. Users and developers can archive sites and sources forever using the platform. As such, the network enables the creation of more productive and extensive applications.

There’s a multitude of problems that Arweave seeks to reduce or eliminate. For one, the redundant and decentralized nature of the network prevents data loss. Reports have shown that the internet is full of lost data due to all types of reasons. From hackers to user negligence, the current data storage methods are susceptible to loss over time.

To learn more visit our Investing in Arweave guide or our How to Buy Arweave guide.

3. OriginTrail (TRAC)

OriginTrail is an ecosystem that is designed to revolutionize the supply chain industry. With its introduction the goal is to bring forward new efficiencies and accountability through the introduction of decentralization to an increasingly fragmented sector. If successful, OriginTrail would provide companies with the ability to trace items globally throughout the course of their life – an important feat for industries including consumer goods, food, and more, as it allows for verification of authenticity and place of origin.

To learn more visit our our How to Buy OriginTrail guide.

4. Convex Finance (CVX)

The Convex Finance platform was tailor built to entice and reward participation of both liquidity providers and stakers on Curve Finance – a decentralized exchange for Ethereum based stablecoins.

Convex Finance utilizes CVX tokens which ‘boost’ the yields seen by CRV holders. Liquidity providers (LP) on Curve can boost their returns depending on how many tokens they lock-up on the platform.

To learn more visit our our How to Buy Convex Finance guide.

Buy & Sell on Uphold

Uphold is an extremely unique platform on both desktop and through a mobile app that allows you to trade cryptocurrency, metals, stocks, and other assets with ease. The company was founded in 2014 and is based in the United States. Readers who wish to learn more should read our Uphold Review or visit Uphold.

Uphold Disclaimer: Assets available on Uphold are subject to region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.

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