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Uniswap Integrates Robinhood Connect for Crypto Purchases
Uniswap, the decentralized exchange, has recently announced its integration with Robinhood Connect, enabling users in the United States to buy cryptocurrencies using funds from their Robinhood accounts, debit cards, or bank transfers.
U.S. Users Can Buy Crypto With Robinhood Connect
- New users who connect their Robinhood accounts to Uniswap can receive a $10 USDC bonus when they purchase a minimum of $10 worth of crypto through the Uniswap app.
- To make a purchase using Robinhood Connect on the Uniswap mobile app, users need to select the buy icon, choose the desired crypto, and enter the amount.
- After clicking “Continue,” users will see a list of available providers based on their region, with Robinhood Connect being exclusive to the United States.
- Users can finalize their purchase by selecting Robinhood Connect as their provider.
Uniswap Labs Adjusts Trading Fee to 0.25%
Uniswap Labs has increased its trading fees from 0.15% to 0.25%, applicable to most transactions on the mainnet and Layer 2 networks. However, swaps involving stablecoins and transactions between Ethereum and Wrapped Ethereum remain exempt from this fee hike.
To avoid the higher fees, users have the option to use alternative interfaces to access the Uniswap protocol and complete their transactions.
Regulatory Scrutiny and Governance Proposals
Uniswap has been under increased regulatory scrutiny, with founder Hayden Adams revealing the receipt of a Wells Notice from the SEC, indicating potential legal action for operating as an unlicensed exchange. Adams clarified that Uniswap Labs primarily focuses on software development and contributes to the Uniswap protocol’s ongoing development.
In March 2024, the community rejected a governance proposal aimed at changing the platform’s fee structure, which would have allowed revenue sharing among UNI token holders. The proposal intended to empower the decentralized autonomous organization (DAO) to adjust the fee mechanism, potentially activating the long-awaited “fee-switch” feature.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
