Uniswap supports buying cryptocurrencies with Robinhood Connect! New users will receive USDC when trading

This site (120BtC.coM): Decentralized exchange Uniswap announced on Monday that its users can already purchase cryptocurrencies through Robinhood Connect, including using Robinhood account funds, financial Payment methods such as card or bank transfer. At the same time, the DEX is also facing potential litigation pressure from the U.S. Securities and Exchange Commission (SEC).

Uniswap supports Robinhood Connect service

The announcement shows that the Robinhood Connect function will be open to Uniswap users this week. Users can use this function to connect Robinhood account funds, spending financial cards or banks. Easily trade cryptocurrencies through transfers and more.

Currently, Robinhood Connect is open to users in the United States only on the Uniswap App, becoming the fourth payment service provider to purchase cryptocurrencies on Uniswap, others include Coinbase Pay, Stripe, Moonpay.

At the same time, Uniswap also offered benefits, saying that users who use the Robinhood Connect service for the first time on the Uniswap APP and purchase at least $10 of cryptocurrency will receive USDC worth $10 in their Robinhood account.

Robinhood expands Connect function

Since the first launch of Robinhood Connect in April last year, Robinhood has continued to expand the service scope of this function.

In February of this year, Robinhood announced its cooperation with the well-known wallet MetaMask. It will integrate the purchase and transfer functions of MetaMask and Robinhood Connect to provide users with more diverse operation options for encrypted assets and enhance the user experience. .

At the same time, Robinhood Connect also strives to meet user needs and listed 4 new cryptocurrencies for New York users last week.

Uniswap is receiving concern from the SEC

However, on the other hand, Uniswap received a Wells Notice from the SEC two weeks ago, drawing on the same previous Coinbase, the U.S. exchange that received the notice, may face several years of regulatory litigation in the future.

In this regard, Uniswap seems to have responded to the huge legal fees that potential litigation risks may bring by quietly raising front-end transaction fees and expanding the scope of charging trading pairs.

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