Uniswap Integrates Robinhood Connect to Facilitate Cryptocurrency Purchases

Uniswap Integrates Robinhood Connect to Make Cryptocurrency Purchases Easier

Uniswap (UNI), a leading decentralized exchange (DEX) on Ethereum and EVM chains, announced Monday that its users can now use Robinhood Connect to purchase cryptocurrency directly through the Uniswap mobile app. Robinhood Connect joins Coinbase Pay and Moonpay as one of three providers that enable crypto purchases on the Uniswap protocol.

Thanks to the integration, Uniswap users can fund their cryptocurrency purchases using funds from Robinhood, debit card, or wire transfers. As an incentive for first-time users of Robinhood Connect on the Uniswap app, people who purchase at least $10 worth of cryptocurrency will receive $10 worth of USDC (USD Coin) in their Robinhood accounts.

This integration comes shortly after Robinhood Connect launched on hot wallet app MetaMask, indicating that Robinhood is increasingly focused on expanding its Connect service for crypto traders. Known primarily as a trading platform, Robinhood is actively deepening its participation in the cryptocurrency market. Just last week, Robinhood listed four new cryptocurrencies for users in New York.

Uniswap, known for its decentralized structure and user-friendly interface, continues to develop its platform by integrating with popular services to offer a perfect experience to its users. By partnering with Robinhood Connect, Uniswap aims to offer its users additional options and convenience when purchasing cryptocurrencies. The integration of Robinhood Connect into the Uniswap platform reflects the growing trend of bridging traditional finance and the world of decentralized finance (DeFi).