Uniswap Labs Hires Former NYSE President to Be Adviser

Uniswap Labs, the company behind Uniswap, an Ethereum-based decentralized finance (DeFi) platform, said Wednesday via a Twitter thread that it has hired Stacey Cunningham to be an adviser.

• Cunningham most recently worked at the New York Stock Exchange, where she served as its first female president from 2018 to 2021. According to the Twitter thread, Cunningham joined Uniswap Labs because “she believes in the potential of decentralized exchange and in Uniswap’s commitment to fairer markets.”
• A person with knowledge of the matter told CoinDesk that Cunningham will focus on regulation for Uniswap’s role in DeFi.
• Uniswap’s hiring is part of a growing trend of traditional finance executives moving to work at crypto companies. In February, Coinbase (COIN) hired former Goldman Sachs (GS) partner Roger Barlett to spearhead global financial operations. In March, longtime Citigroup (C) executive Morgan McKenney joined Provenance Blockchain as its new CEO.

Read more: Uniswap Labs Forms Crypto Ventures Wing

UPDATE (June 15 16:50 UTC): Clarifies that Cunningham will not become a full-time employee at Uniswap.