Uniswap and Robinhood have partnered with MoonPay and Transak to simplify crypto-to-fiat exchanges. The new feature is available for users in over 180 countries.
New Exchange Features
Uniswap now allows users to sell cryptocurrency and receive funds directly into their bank accounts. The update is available on Android and iOS mobile apps, with plans for integration into the web app and extension soon.
Partnership and Regulatory Achievements
Uniswap stated that users face difficulties with fund transfers due to centralized exchange requirements. The platform offers an easy-to-use interface for conversions. The partnership follows Uniswap's regulatory victory, as the SEC announced no enforcement action against the company.
Market Impact and Future Plans
Despite positive news, UNI token dropped by 9.65%. Uniswap holds $4.2 billion in total value locked and introduced v4 platform with enhanced features and developer tools.
Uniswap's new crypto-to-fiat exchange feature makes these transactions more accessible and user-friendly, reducing reliance on centralized exchanges.
