Uniswap, the heavyweight champ of DEXes just made a power move. They’ve joined forces with Robinhood, MoonPay, and Transak to make swapping your crypto for cold, hard cash as easy as pie.
Few clicks for the money
Starting February 27, users in over 180 countries can convert their digital coins into fiat currency and have it sent straight to their bank accounts.
No fuss, no muss! This slick new feature is already live on Uniswap’s wallet for iOS and Android. And guess what? It’s coming soon to their web app and browser extension too.
So, if you’ve ever felt like moving between crypto and cash was like solving a Rubik’s Cube blindfolded, Uniswap says, not anymore!
They promise it’ll now take just a few clicks. No more wrestling with centralized exchanges or wallet addresses.
Now, here’s the kicker, because this announcement comes hot on the heels of a major win for Uniswap.
Just days ago, the SEC dropped its investigation into Uniswap Labs without taking any action.
Breaking bad?
Back in April, during Gary Gensler’s reign at the SEC, Uniswap got hit with a Wells notice, which is basically a legal heads-up that trouble might be brewing. But now? Crisis averted! Uniswap Labs called it a huge win for DeFi.
And they’re not the only ones breathing easier. Robinhood’s crypto division also got some love from the SEC this week when the regulator decided to back off after previously hinting at legal action in 2024.
Progress is unstoppable
Let’s not forget that Uniswap is no small fish. It’s the biggest DEX with a total value locked of $4.2 billion.
Sure, that number has dipped 30% since January, thanks to a sluggish crypto market, but hey, it’s still miles ahead of most competitors.
Back in its glory days of 2021, Uniswap hit an all-time high TVL of $10 billion. And just last month, they rolled out their new v4 platform across 12 blockchains with better features for users and developers alike.
Have you read it yet? The SEC’s crypto retreat means is the war on crypto really over?
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