Uniswap, the world’s largest decentralized exchange (DEX), partnered with Robinhood, MoonPay, and Transak to enable seamless crypto-to-fiat transactions for users in over 180 countries.
With this integration, Uniswap users can now sell cryptocurrencies and receive direct deposits into their bank accounts. The feature launched on February 27, initially available on Uniswap’s mobile wallet for iOS and Android. The web app and browser extension will follow soon.
For years, converting crypto into cash required multiple steps, centralized exchanges, and complex processes. Users often had to transfer assets between wallets, manage multiple accounts, and pay high withdrawal fees.
Per reports, with this new integration, Uniswap simplifies the process, allowing users to sell ERC-20 tokens like Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and USDC with just a few clicks. Funds will be deposited directly into bank accounts, eliminating the need for third-party platforms.
Fast and Easy Transactions – Sell crypto and receive fiat seamlessly.
Global Reach – Available in 180+ countries, expanding DeFi accessibility.
Bank Deposits – No need to rely on centralized exchanges.
Regulatory Clarity – Comes after the SEC dropped its case against Uniswap.
Connect your Uniswap Wallet (iOS or Android).
Select the crypto you want to sell.
Choose Robinhood, MoonPay, or Transak as the payment provider.
Withdraw fiat directly to your bank account.
This announcement comes just days after the U.S. Securities and Exchange Commission (SEC) dropped its investigation into Uniswap Labs.
In April 2024, Uniswap received a Wells notice from the SEC, signaling potential enforcement action. The regulator was investigating whether Uniswap was operating as an unregistered securities exchange.
However, on February 25, 2025, the SEC closed the case without pursuing further action. This is seen as a major win for DeFi and could encourage more regulatory clarity for decentralized platforms.
Similarly, Robinhood’s crypto division also saw its SEC inquiry dropped this week, further signaling a shift in regulatory sentiment.
Beyond fiat off-ramping, Uniswap is actively expanding its ecosystem to enhance user experience and scalability.
Upcoming Developments:
Uniswap v4: Launched in January 2025, featuring customizable hooks for developers.
Unichain Layer 2: A DeFi-focused blockchain built on the OP Stack, launching in early 2025.
Security Enhancements: Uniswap recently introduced a $15.5 million bug bounty program to strengthen its smart contract security.
The Unichain Layer 2 network, currently being tested on Ethereum’s Sepolia testnet, aims to reduce gas fees and improve transaction speeds. With over 50 million test transactions processed, Unichain is expected to bring faster, cheaper trades to the Uniswap ecosystem.
Uniswap is not alone in this push toward simplified fiat access.
Competitors Expanding Fiat On-Ramps:
MetaMask: Recently integrated Transak to enable fiat withdrawals across multiple blockchains.
Coinbase Wallet: Allows direct bank withdrawals from its DeFi interface.
Trust Wallet: Supports fiat off-ramping in select countries.
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