Emre Yumlu 
Uniswap Labs took this partnership step immediately after the SEC concluded its investigation into Uniswap Labs.
Uniswap Partners with Robinhood and Payment Platforms to Convert Crypto to Fiat
Decentralized exchange Uniswap announced it has partnered with trading platform Robinhood and several payment platforms to facilitate crypto-to-fiat transactions.
Starting on February 27, users in more than 180 countries can sell supported crypto assets and deposit funds directly into their bank accounts through Robinhood, MoonPay, and Transak. Uniswap stated that fiat onramping and offramping are active in the Uniswap wallet on both Android and Apple iOS, and will soon be available in the Uniswap extension and web app.
Uniswap noted that the transition between crypto and fiat has “historically been frustrating” as users needed to sign into centralized exchanges and deal with crypto addresses. However, this can now be done with “just a few clicks” using the DEX wallet.
This move follows just days after the U.S. Securities and Exchange Commission (SEC) concluded its investigation into Uniswap Labs.
On February 25, the SEC announced that it had completed its investigation and had no plans to take enforcement action against the firm. Uniswap had received a Wells notice from the SEC in April during Gary Gensler’s tenure. Uniswap Labs called it “a huge win for DeFi.”
Uniswap Launches New Platform Amid Crypto Market Downturn
The securities regulator also dropped its investigation into Robinhood’s crypto division in the same week, after threatening legal action against the firm in 2024.
According to DefiLlama, Uniswap is the world’s largest DEX, with a total value locked (TVL) of $4.2 billion. However, TVL has decreased by 30% since the beginning of 2023, following the broader downturn in the crypto market. It has also fallen from its all-time high of $10 billion in 2021.
Uniswap launched its highly anticipated v4 platform in late January, offering improved user experience and developer options across 12 chains.
However, Uniswap’s native token UNI fell by 5.4% on the day, dropping to $7.60 at the time of writing, amid a broader market decline.
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