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Cryptocurrency News Articles
Robinhood Crypto Connects to Uniswap, Offering $10 Bonus to Eligible Users
May 02, 2024 at 12:12 pm
Robinhood Connect is now live on the Uniswap mobile application, offering eligible Robinhood customers a $10 USDC reward for purchasing crypto using Robinhood Connect as a payment method on the Uniswap wallet. The integration is geo-targeted to US customers only, mirroring the availability of Robinhood Connect, which allows users to fund Web3 wallets from their Robinhood crypto accounts without leaving dapps.
Robinhood Extends Crypto Connectivity to Uniswap, Offering $10 Incentive for Eligible Customers
On April 30th, 2024, popular millennial trading platform Robinhood announced its partnership with Uniswap, enabling the seamless integration of Robinhood's crypto Connect feature into the Uniswap mobile application. This integration expands the platform's offerings and offers an exclusive reward program for eligible Robinhood customers.
Through Robinhood Connect, eligible customers can now conveniently use their Robinhood crypto accounts to fund their Web3 wallets within the Uniswap app. This integration eliminates the need for users to navigate between platforms, providing a streamlined and efficient experience for crypto enthusiasts.
To commemorate the partnership, Robinhood is offering a limited-time incentive to eligible customers. By using Robinhood Connect as a payment method to purchase $10 worth of cryptocurrency on the Uniswap wallet, customers will receive a $10 bonus in the USD Coin (USDC) stablecoin.
"Robinhood Connect is the latest addition to the Uniswap mobile app's growing selection of fiat onramp providers," stated the official announcement.
This integration complements otherfiat on-ramp providers already available within the Uniswap app, including Coinbase Pay and Moonpay. The Uniswap app empowers users to securely store, monitor, and access their tokens across multiple blockchain networks, eliminating the hassle of switching between complex configurations. Notably, the app has garnered significant traction, with over 100,000 downloads from the Google Play Store.
Despite the recent concerns raised by users regarding high transaction fees, Uniswap remains a dominant player in the decentralized exchange landscape, capturing a notable 37% of the Ethereum Layer-2 volume, as reported by CryptoPotato earlier this week.
Robinhood's partnership with Polygon, an Ethereum Layer-2 network, earlier this year paved the way for cross-chain swaps on the platform. Additionally, the trading platform recently listed Shiba Inu (SHIB) for New York users.
However, despite these positive developments, Robinhood's company shares (HOOD) experienced a decline of approximately 5% in after-hours trading on April 30th, reaching $16.48. Robinhood's stock trend has been downward since the end of March, losing approximately 18% since it peaked at $20.
Meanwhile, Uniswap's native token, UNI, has also faced a significant downturn, plummeting by 56% since the token's 2024 high of over $16. Currently, UNI is trading at $6.5 after experiencing a 9% drop on the day, reflecting the ongoing correction in the crypto market.
UNI's recent performance has erased almost all gains from the altcoin rally earlier this year, while it remains 84% below its all-time high of $44.91 set in May 2021.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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