Uniswap Integrates Direct Crypto-to-Financial institution Withdrawals

Uniswap Pockets launched the power to trade cryptocurrency for fiat and withdraw funds on to financial institution accounts through Robinhood, MoonPay, and Transak.

The Uniswap Pockets workforce introduced the launch of an off-ramp service in its iOS and Android apps, permitting customers to promote supported tokens and obtain funds of their native forex instantly into their financial institution accounts. This function will quickly be obtainable on the net model of Uniswap and the browser extension as effectively.

The brand new service is accessible to customers in over 180 international locations, with Robinhood, MoonPay, and Transak serving as fee suppliers. Plus, Uniswap Pockets continues to assist on-ramp deposits utilizing fiat currencies.

Uniswap Pockets is a non-custodial crypto pockets developed by Uniswap Labs, built-in with Uniswap, one of many largest DEXs.

In accordance with the press launch, the crypto-to-fiat trade course of beforehand required CEXs, got here with numerous dangers, and was typically thought-about “irritating.” The brand new function permits seamless digital asset-to-fiat conversions in “only a few clicks.”

This announcement comes simply days after the U.S. Securities and Change Fee (SEC) closed its investigation into Uniswap Labs. In April 2024, Uniswap acquired a Wells Discover, indicating regulatory issues relating to UNI, the platform’s native token.

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