Uniswap enables crypto purchases via Robinhood Connect

DeFi • April 30, 2024, 6:50PM EDT

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Quick Take

Beginning this week, Uniswap users can leverage Robinhood Connect to purchase cryptocurrencies with funds from their Robinhood accounts or a debit card, as well as via bank transfer.

Uniswap users can now use Robinhood Connect to buy cryptocurrencies using funds from Robinhood, a debit card or via bank transfer.

Robinhood Connect became available this week to users on the Uniswap mobile app, the decentralized exchange (DEX) said Monday in a statement. The service is one of three providers enabling crypto purchases on Uniswap, joining Coinbase Pay and Moonpay, according to the protocol.

On Uniswap's app, first-time Robinhood Connect users who purchase $10 in cryptocurrencies will receive $10 worth of USDC in their RobinHood account.

Robinhood Connect's integration with Uniswap comes just weeks after the service launched on hotwallet application MetaMask.

Robinhood’s broadening of its Connect service for crypto traders comes as the trading platform deepens its dive into crypto. Last week, Robinhood listed four new cryptocurrency tokens for New York users.

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About Author

Elizabeth Napolitano is a data reporter covering business and technology news, with a focus on cryptocurrencies. Prior to joining The Block, Elizabeth reported on BigTech, AI, crypto and videogames for CBS Moneywatch. As a CoinDesk reporter, she covered DeFi, NFTs and U.S. courts. She holds an MA in Journalism from CUNY. Follow her on X: @LizKNapolitano