Bitcoin

Uniswap partners with Robinhood, MoonPay, Transak to turn crypto into cash

Decentralized Exchange Uniswap concluded a partnership with the Robinhood negotiation platform and a certain number of payment platforms to facilitate Crypto-Far transactions.

From February 27, users of more than 180 countries can sell cryptography assets supported to file funds directly in their bank account via Robinhood, Moonpay and Transak, UNISWAP announced.

He added that the Fiat onramping and dropping out was live in the UNISWAP portfolio on Android and Apple iOS and would soon come to the UNISWAP extension and the web application.

Move between crypto and cash has “been historically frustrating,” said Uniswap, as users must connect to centralized exchanges and manage cryptographic addresses. However, this can be done with “a few clicks” using the Dex wallet, he added.

Source: Uniswap

This decision comes a few days after the American Securities and Exchange committee abandoned its investigation into the Laboratoires UnitedWap.

On February 25, the SEC said that she had concluded her investigation and did not intend to continue implementing measures against the company. UNISWAP received a notice from the dry Wells in April during the mandate of Gary Gensler. “This is a huge victory for Defi,” said Uniswap Labs.

The securities regulator also abandoned its probe in the cryptographic division of Robinhood this week after threatening to take legal proceedings against the cabinet in 2024.

In relation: Metamask adds Fiat Off-Gamp for 10 blockchains to improve the accessibility of cryptography

UNISWAP is the largest DEX in the world, with $ 4.2 billion of total locked value, according to Defilma. However, TVL sang by 30% since the start of this year with the wider retirement of the cryptography market. It is also down compared to the top of all times of $ 10 billion in 2021.

Uniswap launched its long-awaited V4 platform with improved user experience and developer options on 12 channels at the end of January.

There was no positive reaction for the Uniswap native token, UNI (UNI), which dropped by 5.4% during the day and fell to $ 7.60 at the time of writing in the middle of a larger market drop.

Review: Ox linked to 3ac.