This option will be rolled out to users in most U.S. states, Brazil, the United Kingdom, and the Single Euro Payments Area (SEPA). With this partnership, Uniswap users can now convert fiat to cryptocurrency on the Ethereum main net, Polygon, Optimism, and Artibrum within minutes.
Uniswap Focuses on Improving DeFi Onboarding Experience
Uniswap has emphasized the importance of improving the decentralized finance (DeFi) onboarding experience, as centralized exchanges (CEX) are often seen as more convenient despite their associated risks. In an effort to make the onboarding process smoother, Uniswap is offering "no spread fees on USDC, the lowest processing fees in the market, and instant access." Uniswap believes that decentralized exchanges (DEX) are a safer option than CEXs due to their built-in user protection, self-custodial wallets, permissionless, immutable protocols, and transparent public ledger.