Uniswap, a decentralized finance (DeFi) exchange, has launched a mobile wallet that aims to encourage users to buy and trade crypto.
According to the company, this effort intends to relieve users of constant headaches about self-custody wallets.
“Self-custody makes DeFi safer and ensures your crypto can’t be misused by a centralized party. But too many people get stuck at the starting line. We get thousands of user support tickets from Uniswap Web App users confused by wallets. So, we’re proud to bring you a self-custodial wallet that is simple, safe, and easy to use,” the company noted in its blog.
Via the wallet, users are able to trade tokens, switch between Mainnet, Polygon, Arbitrum, and Optimism, as well as have the ability to favorite tokens and wallet addresses to keep track of any ongoing trends or activities that are happening.
The mobile wallet also gives users the ability to back up their seed phrase on iCloud—or manually—and get notified when transactions are complete through the app’s push notifications.
Mobile Wallet Adoption
Rolling out a mobile wallet to streamline the process is a good next step for Uniswap—not just in eliminating any possible confusion users may come across when buying and trading crypto—but in also giving them access at their fingertips.
As with anything crypto-related, there are hurdles to overcome. But, regulation and compliance is necessary—and will continue to be top-of-mind with any potential reiterations Uniswap may have of its new mobile wallet.