Decentralized exchange Uniswap has partnered with trading platform Robinhood and payment services MoonPay and Transak to streamline crypto-to-fiat transactions.
The collaboration allows users in over 180 countries to convert supported cryptocurrencies into fiat and deposit funds directly into their bank accounts.
Uniswap announced on February 27 that the new feature is now available on its mobile wallet for both Android and iOS users.
Uniswap Expands Fiat On-Ramp to Web App and Browser Extension
The service will soon extend to the Uniswap web app and browser extension, further integrating fiat on- and off-ramping options.
The exchange noted that converting between crypto and cash has traditionally been cumbersome, requiring users to log into centralized exchanges and manage complex crypto addresses.
With this integration, users can complete transactions in just a few clicks.
Uniswap’s partnership announcement comes shortly after the U.S. Securities and Exchange Commission (SEC) dropped its investigation into Uniswap Labs.
On February 25, the regulator confirmed it had concluded its probe and would not pursue enforcement action against the firm.
Uniswap Labs received a Wells notice from the SEC in April 2024 during Gary Gensler’s tenure, raising concerns about potential regulatory challenges.
However, the decision to close the case has been hailed as a major win for the decentralized finance (DeFi) sector.
Similarly, the SEC also dropped its inquiry into Robinhood’s crypto division this week, ending months of legal uncertainty for the trading platform.
Despite its dominance as the largest DEX, with $4.2 billion in total value locked (TVL), Uniswap has seen a 30% decline in TVL since the start of 2025, mirroring broader market trends.
The platform launched its long-awaited v4 upgrade in late January, expanding its capabilities across 12 blockchain networks.
However, the announcement had little impact on Uniswap’s native token, UNI, which fell 5.4% on the day to $7.60 amid broader market declines.
Uniswap’s Unichain to Launch its Layer 2 Mainnet in 2025
As reported, Uniswap is gearing up to launch Unichain, its DeFi-focused Layer 2 solution built on the OP Stack, with the public mainnet expected to debut in early 2025.
The network, designed to enhance scalability and efficiency in decentralized finance, has been tested on Ethereum’s Sepolia testnet since October.
The Sepolia testnet has processed over 50 million test transactions and deployed more than 4 million smart contracts, maintaining an uptime exceeding 99% across critical services.
In November, Uniswap introduced a $15.5 million bug bounty program for its v4 core smart contracts, offering payouts starting at $2,000 for identifying vulnerabilities requiring code modifications.
Uniswap v4 is expected to introduce major architectural changes, including features such as Hooks for executing custom code before and after swaps.
These enhancements will enable functionalities like limit orders, custom oracles, fee management, and automated liquidity strategies.
Other updates include dynamic fees, gas savings, flash accounting, native ETH support, and multiple pool types.
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