Decentralized Exchange Uniswap entered into a partnership with the Robinhood trading platform and a number of payment platforms to facilitate crypto-to-fiat transactions.
Starting with Feb. announced.
It added that Fiat onramping and offramping live in the Uniswap wallet on both Android and Apple iOS and will arrive at the Uniswap extension and the web app as soon as possible.
The transition between crypto and cash is “historical failure,” Uniswap said, as users have to sign in to centralized exchanges and deal with crypto addresses. However, this can be done using “some click” using Dex Wallet, it added.
Source: Underp
Moving will come a few days after the US Securities and Exchange Commission Lowered its investigation The unswap labs item.
On February 25, the SEC said it had completed its investigation and had no plans to pursue the action of implementing the company. Uniswap received a notice of Wells from the SEC in April during Gary Gensler’s tenure. “This is a big win for Defi,” said the Uniswap labs.
The security regulator also Lowered its investigation In Robinhood’s Crypto Division this Sunday after the threat to take legal action against the firm in 2024.
Related: Metamask adds fiat off-ramp for 10 blockchain to improve crypto access
Uniswap is the largest Dex in the world, with $ 4.2 billion in total amount locked, According to In Defillama. However, TVL has been 30% since the beginning of this year with the broader crypto market retreat. It also dropped from an all-time high of $ 10 billion to 2021.
Uniswap launched the long -awaited V4 platform with improved user experience and developer options at 12 chains in late January.
No positive reaction for the native token of uniswap, uni (Uni), which fell 5.4% during the day and fell to $ 7.60 at the time of writing amid a broader market collapse.
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