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- Uniswap Labs announced it has partnered with Robinhood, MoonPay, and Transak to facilitate crypto-to-fiat transactions for more than 180 countries.
- The move comes just after the SEC dropped its investigation into Uniswap Lab after initially targeting the exchange with a Wells Notice last year.
Uniswap, one of the leading decentralized exchanges (DEXs) with $4.2 billion in total value locked (TVL), announced that it has taken a major step toward bridging the gap between traditional finance and decentralized finance (DeFi).
Turn your crypto into cash with Uniswap wallet 👀
Fiat offramping is now live, making it easier than ever to move between crypto and cash
No extra steps. No hassle. pic.twitter.com/mIL5ZtFLPD
— Uniswap Labs 🦄 (@Uniswap) February 27, 2025
Through partnerships with MoonPay, Robinhood, and Transak, Uniswap has introduced fiat off-ramps, allowing users to convert their crypto into fiat currency. This new feature improves accessibility for users across 180+ countries, making crypto-to-bank transfers more convenient.
Uniswap’s Fiat Off-Ramp: How It Works
According to Uniswap’s press release, the Uniswap Wallet now supports this off-ramp feature on Android and iOS, with plans to expand it soon to the Uniswap web app and browser extension. This means users will soon be able to off-ramp anytime, anywhere, offering a more seamless and decentralized cash-out experience.
Uniswap’s new fiat off-ramp feature simplifies the process of converting crypto to cash by allowing users to turn supported tokens into fiat, select from multiple service providers, and deposit funds directly into their bank accounts in their local currency. By integrating with platforms like MoonPay, Robinhood, and Transak, Uniswap ensures a seamless, fast, and secure transition between crypto and traditional finance, eliminating the need for centralized exchanges.
For years, DeFi users have struggled with off-ramping crypto, often relying on centralized exchanges (CEXs) to convert their assets into fiat. This reliance on third-party platforms not only increased risks but also contradicted DeFi’s core decentralization principles. Now, Uniswap’s new off-ramp feature removes the need for CEXs, giving users a direct, decentralized, and secure way to cash out.
Uniswap and SEC’s Dropped Investigation
This launch comes shortly after the Securities and Exchange Commission (SEC) dropped its investigation into Uniswap, confirming that it won’t pursue any enforcement action against the firm. The investigation, which began in April 2024 under SEC Chair Gary Gensler, alleged that Uniswap Labs operated as an unregistered broker, exchange, and clearing agency while also issuing unregistered securities.
The decision to close the probe signals a positive shift in regulatory clarity, easing concerns about future legal risks for Uniswap. Additionally, the SEC also dropped its investigation into Robinhood’s crypto division, further suggesting less regulatory pressure on crypto firms under Donald Trump’s administration. Uniswap’s v4 launch in late January has further boosted optimism in the DeFi space. The upgrade introduces efficiency improvements and cost-saving measures, including Hooks for custom code execution, dynamic fees, gas savings, and flash trading.
Despite these positive developments, Uniswap’s native token, UNI, has struggled amid market volatility. As of now, UNI is trading at $7.13, reflecting a 12.55% drop in the last 24 hours and a 23.17% decline over the past week. However, trading volume has increased by 2.43%, reaching $263 million, while market capitalization has dropped 12.53% to $4.28 billion.
