Buy Crypto Using Robinhood Connect; Is Uniswap Holders Eligible?

Uniswap, the largest decentralized Exchange (DEX) on the Ethereum blockchain enhanced crypto purchases with Robinhood Connect integration.   

Uniswap (UNI) integrated the Robinhood Connect service into its portfolio, permitting users to buy digital assets. UNI users can use funds from a Robinhood account, a debit card, or a bank transfer to make a purchase.

After Coinbase Pay and Moonpay, Rohinhood Connect will also help UNI holders to buy cryptocurrencies.  

Use Robinhood Connect To Buy Crypto Over Uniswap Mobile App

On April 29, Uniswap, the automated Ethereum-based shared DEX revolved an exciting news for UNI holders. The exchange permits the Uniswap mobile app users to use Robinhood Connect for making crypto purchases.

Robinhood Connect is a platform that lets users buy, sell, and swap digital assets to sefl-custody wallets and decentralized applications. Uniswap mobile app, on the flip side, is a leading self-custody wallet, created by a trusted team of DeFi.   

CryptoGenius used social media platform X to share the same. 

🔔 #Uniswap enables #crypto purchases via Robinhood Connect.

◾️Uniswap users can now use Robinhood Connect to buy cryptocurrencies using funds from Robinhood, a debit card or via bank transfer. pic.twitter.com/aoQueGvotH

— CryptoGenius (@CryptoGenius419) May 1, 2024

As per the tweet, UNI holders can buy cryptocurrencies using assets from Robinhood, a debit card, or via bank transfer. Also, Robinhood Connect became available this week for the users.

Interestingly, Robinhood will offer $10 of USDC to individuals buying at least $10 of crypto using the Robinhood Connect through the Uniswap mobile app.

Uniswap Vs Robinhood; Major Contribution To The Crypto Market

It is not the first time, Uniswap and Robinhood partnered to offer something great to the crypto marketplace.

On July 14, 2022, Robinhood announced listing a total of 13 digital assets to its crypto trading platform. The list also included UNI, Uniswap’s native token.

UNI is now on Robinhood @Uniswap #CryptoListing https://t.co/KBoYMziAyc

— Robinhood (@RobinhoodApp) July 14, 2022

Just before the announcement, Robinhood moved to cut support for Cardano (ADA), Polygon (MATIC), and Solana (SOL). The SEC’s listing of these tokens as unregistered securities was the major reason behind the cut.  

The direct influence of the same was experienced on UNI’s price as the token surged over 20% in just 24 hours. The token spiked from $4.4039 on 16 June 2022 to $5.5579 on 14 July 2022, showcasing a drastic spike in UNI’s price. 

About Uniswap

Uniswap is an ERC-20 token and DEX launched in 2020. The platform uses Automated Market Maker (AMM) technology to offer cryptocurrency exchange services without any involvement of intermediaries.    

At the time of writing, the UNI token was trading at $6.84, after a drop of 4.39% in a day. The token had a market cap of $4,092,484,037 and $186,303,707 in 24-hour volume.  

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.