2025-02-28
Uniswap, a popular decentralized
exchange, has partnered with Robinhood, MoonPay, and Transak to help users
easily convert cryptocurrency into cash.
Starting February 27, users in over 180
countries can sell supported cryptocurrencies and deposit the money directly
into their bank accounts using these platforms.
Easier Crypto-to-Cash Transactions
Before, moving money between crypto and
cash was complicated.
People had to log into centralized
exchanges, find the right wallet addresses, and send crypto manually.
Now, Uniswap makes it easy with just a
few clicks.
Here’s how it works:
1. Open the Uniswap
wallet on iOS or Android.
2. Tap "Buy/Sell"
and select "Sell."
3. Pick the crypto
you want to convert (if it's not supported, choose another option).
4. Choose a
provider (Robinhood, MoonPay, or Transak).
5. Complete the transaction and receive the money directly in your bank account.
blog.uniswap.org/fiat-offramping
More Flexibility for Users
You can choose between different
providers to get the best option. Works in 180+ countries for seamless money
transfers. Uniswap will soon add this feature to its web app and browser
extension.
SEC Drops Investigation into Uniswap
This partnership comes just after the U.S.
Securities and Exchange Commission (SEC) announced it has closed its
investigation into Uniswap Labs and will not take legal action.
The SEC also ended its investigation
into Robinhood’s crypto division.
Uniswap’s Growth & Market
Performance
Uniswap remains the largest
decentralized exchange (DEX) with $4.2 billion in total value locked (TVL).
However, TVL has dropped 30% since the
start of 2024 due to a weak crypto market.
Uniswap recently launched its v4
platform, offering better features for users and developers. However, its token
UNI saw a price drop of 5.4% despite the news.
Now, Uniswap is making it faster and
easier than ever for users to move between crypto and cash without hassle
