The biggest decentralized exchange platform, in terms of trade volume Uniswap, excludes access to some of the tokens from the platform interface.
Uniswap Labs announced on July 23, highlighting that the tokens had been excluded from the app interface only and that protocol remains immutable.
The company Uniswap Labs is a software developer that has built a front-end web app portal. In the blog post, Uniswap Labs imply that increased regulatory pressure may have influenced its decision, stating: “We monitor the evolving regulatory landscape.”
“Consistent with actions taken by other DeFi interfaces, we have taken the decision to restrict access to certain tokens through app.uniswap.org,” the blog entry said.
The token removal announcement from Uniswap Labs doesn’t really explain why tokens were removed, but the blog’s post did say:
“These tokens have always represented a very small portion of overall volume on the Uniswap Protocol.”
The list that Uniswap exclude access to some tokens, as per the blog. These range from tokenized stocks, mirror stocks, options, and derivatives.
Various other companies have similarly canceled their tokenized stock products in recent weeks, including Binance. Uniswap is only restricting access through its own interface. Users can still access these tokens through other portals on the decentralized finance (DeFi) platforms that support them.
SEC Chair Gary Gensler recently cautioned the crypto industry about securities offering in tokenized form. Gensler said: “It doesn’t matter whether it’s a stock token, a stable value token backed by securities, or any other virtual product that provides a synthetic exposure to underlying securities.”
