Uniswap (UNI), the leading decentralized exchange (DEX) on Ethereum and EVM chains, announced on Monday that its users can now utilize Robinhood Connect to buy cryptocurrencies directly through the Uniswap mobile app. Robinhood Connect joins Coinbase Pay and Moonpay as one of the three providers enabling crypto purchases on the Uniswap protocol.
Through the integration, Uniswap users can fund their cryptocurrency purchases using funds from Robinhood, a debit card, or through bank transfers. As an incentive for first-time Robinhood Connect users on the Uniswap app, individuals who purchase at least $10 worth of cryptocurrencies will receive $10 worth of USDC (USD Coin) in their Robinhood account.
This integration comes shortly after Robinhood Connect was launched on the hotwallet application MetaMask, demonstrating Robinhood’s increasing focus on expanding its Connect service for crypto traders. Robinhood, known primarily as a trading platform, has been actively deepening its involvement in the cryptocurrency market. Just last week, Robinhood listed four new cryptocurrency tokens for users in New York.
Uniswap, known for its decentralized nature and user-friendly interface, continues to enhance its platform by integrating with popular services to provide a seamless experience for its users. By partnering with Robinhood Connect, Uniswap aims to provide its users with additional options and convenience when purchasing cryptocurrencies. The integration of Robinhood Connect on the Uniswap platform reflects the growing trend of bridging traditional finance with the world of decentralized finance (DeFi).