Uniswap Labs Integrates Robinhood, MoonPay for Crypto-to-Bank Transfers

Uniswap Labs has introduced native fiat off-ramps for its Uniswap wallet, allowing users to transfer cryptocurrency funds directly into their bank accounts.

Uniswap Labs has announced the addition of native fiat off-ramps to its namesake wallet, allowing users to transfer cryptocurrency funds into their bank accounts.

The feature, which is powered by integrations with MoonPay, Robinhood and Transak, will simplify the conversion of digital assets into fiat currency, improving accessibility for users in over 180 countries.

Announced via X, Uniswap Labs said the new fiat off-ramp will allow users to easily convert their crypto holdings into cash and withdraw the funds to their bank accounts.

The service is powered by integrations with several fiat on-ramp providers, including an integration with the U.S. investing app, Robinhood.

The new off-ramp service will be available in over 180 countries and can be accessed via the Uniswap wallet app, which is available for both iOS and Android devices.

There are also plans to add support for the service to the Uniswap browser extension and website.

“We are excited to be launching fiat off-ramps in the Uniswap wallet,” said Uniswap Labs.

“This new feature will make it easier than ever for users to convert their crypto to fiat and withdraw the funds to their bank accounts.”

The firm added that the integration with several fiat on-ramp providers will ensure a flexible way for users to manage crypto transfers.

Users will be able to swap supported ERC-20 tokens, including USDC and ETH, before converting and withdrawing their funds to bank accounts.

According to Uniswap, the process is designed to be completed within seconds, reducing the delays typically associated with crypto-to-bank transfers.

The integration with several fiat on-ramp providers will ensure broad coverage across different regions, making the service more accessible.

This move comes just days after the U.S. SEC dropped its case against Uniswap, marking another shift in the regulator’s approach to the crypto industry.

Uniswap stated that the case closure highlights its ongoing compliance with federal laws and commitment to transparency in its operations.

Expansion of Features With Unichain

The fiat off-ramp follows the recent introduction of Uniswap v4 and Unichain, a Layer 2 network designed to improve scalability and transaction capabilities.

These updates will introduce customizable hooks for developers, allowing for the creation of more efficient trading strategies on the platform.

Meanwhile, the Unichain Layer 2 is expected to reduce gas fees and improve transaction speeds, ultimately boosting the UNI price with new technologies.

Uniswap Labs move comes as other crypto wallets, such as MetaMask, expand their fiat off-ramp services.

Earlier this year, MetaMask announced an integration with Transak to support fiat withdrawals across multiple blockchain networks.

This move highlights the growing trend among DeFi platforms to bridge the gap between crypto and traditional banking.