- Uniswap partners with Robinhood, allowing users to buy crypto through Robinhood Connect.
- Robinhood incentivizes users with a $10 bonus in USDC for first-time crypto purchases.
- The collaboration aligns with Uniswap’s goal of merging fiat services with DeFi.
On Monday, Uniswap, a major decentralized exchange (DEX), disclosed its new partnership with renowned crypto trading platform Robinhood. Robinhood announced this news on its X platform, saying, “Robinhood Connect is now available on @Uniswap wallet!.” With this integration, users can purchase digital assets on the Uniswap mobile application using Robinhood’s “Connect” feature. As such, Uniswap users can now use their Robinhood accounts to purchase cryptocurrency. Customers can also carry out these transactions using debit cards or bank transfers.
Moreover, this collaboration means Robinhood Connect, Moonpay, and Coinbase Pay are now the three crypto-purchasing gateways available on the Uniswap platform. Furthermore, Robinhood noted that it offers a “time-limited” $10 bonus in USDC (USD Coin) for first-time purchases of $10 worth of cryptocurrencies via Robinhood Connect on Uniswap.
The integration marks Unisawp’s goal of merging fiat services with the decentralized finance (DeFi) sector. Uniswap is known for its user-friendly interface and commitment to enhancing user experience by incorporating services that facilitate easy access to crypto markets.
Hence, this partnership not only simplifies crypto transactions but also broadens the options for Uniswap users, emphasizing convenience and accessibility. In tandem, it mirrors the increased integration of the fiat transactions with the Decentralized Finance (DeFi) sector.
Meanwhile, Robinhood is taking steps to increase its presence in the crypto market, signified by its recent expansion on the MetaMask wallet app. In tandem, Robinhood has improved its offerings by unveiling four new cryptocurrencies to New York customers.
Data from Coincodex shows that Uniswap (UNI) has witnessed an upward trend in the last intraday session. UNI trades at $7.01 at press time, reflecting a 4.32% surge in the last 24 hours. Similarly, its market capitalization has increased by 4.40%, totaling $4.1 billion. However, trading volume has dipped by 22.97% over the same period, amounting to $145,567,768.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
