• Uniswap users can now use Robinhood Connect to purchase cryptocurrencies with funds from their Robinhood accounts, debit cards, or bank transfers.
• Robinhood Connect integration enables crypto purchases on Uniswap alongside existing providers like Coinbase Pay and Moonpay.
• First-time Robinhood Connect users on Uniswap’s app will receive $10 worth of USDC in their Robinhood account when purchasing $10 or more in cryptocurrencies.
Uniswap has announced that its users can now leverage Robinhood Connect to purchase cryptocurrencies. This integration provides Uniswap users with another way to fund crypto purchases on the decentralized exchange (DEX).
New Purchasing Options Through Robinhood Connect
Robinhood Connect launched on the Uniswap app this week. It joins Coinbase Pay and Moonpay as one of three services that enable crypto buying on Uniswap.
Robinhood Connect allows Uniswap users to purchase cryptocurrencies using funds from their Robinhood accounts. Purchases can also be made with a debit card or via bank transfer.
To encourage first-time Robinhood Connect users, Uniswap is offering a promotional $10 in USDC for those that purchase $10 or more in crypto through the service.
Robinhood Connect Expands Access
Prior to its Uniswap integration, Robinhood Connect became available to MetaMask users earlier this year.
The addition of Robinhood Connect enables Uniswap and Robinhood to expand access to crypto trading. Uniswap gains another fiat onramp, while Robinhood users can access decentralized exchanges.
Robinhood has been expanding its crypto services, with new token listings for New York residents last week. Meanwhile, Uniswap adds a recognizable mainstream brand that can introduce its decentralized exchange to more users.
About Uniswap and Robinhood
Uniswap is a leading decentralized exchange in the DeFi space. Its on-chain automated market maker allows for decentralized token swaps without an order book.
Robinhood operates a mainstream commission-free trading app. While known primarily as a stock trading platform, Robinhood has been expanding its cryptocurrency services.
The integration of Robinhood Connect introduces Uniswap’s DEX model to everyday investors. It also gives Robinhood customers access to tokens and features not yet available on its platform.
