Top decentralized exchange (DEX) Uniswap (UNI) now allows its mobile app users to buy crypto using their funds on popular trading platform Robinhood.
In a new statement, Uniswap says the new funding method is currently available to US-based users through Robinhood Connect, a feature that enables customers of the brokerage firm to fund their Web3 wallets without leaving decentralized applications (DApps).
“Users of the Uniswap mobile app can now buy crypto with a debit card, via bank transfer, or directly from their Robinhood balance using Robinhood Connect (available only for users in the United States).
Robinhood Connect is the latest addition to the Uniswap mobile app’s selection of fiat onramp providers – a list which already includes Coinbase Pay, Moonpay, and others.”
Uniswap says it is also giving incentives to customers who use Robinhood Connect for the first time
“Users who purchase $10 of crypto using Robinhood Connect in the Uniswap mobile app will receive $10 of USDC in their Robinhood account.”
Uniswap announces the new feature amid facing regulatory hurdles in the US.
Last month, the DEX said it received a Well Notice from the U.S. Securities and Exchange Commission (SEC), meaning that the agency is planning to take enforcement action against the platform.
Uniswap says it is ready to fight.
“This is the latest political effort to target even the best actors in crypto like Uniswap and Coinbase.”
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