On Thursday, decentralized crypto trading protocol, Uniswap Labs, launched its crypto wallet app on iOS. The exchange announced the development in its latest Twitter post. Occasioned by this development, users can now begin to access the wallet app on their Apple Store.
The exchange in the announcement revealed that the wallet app has been approved for use in U.S and several countries. According to Uniswap, the wallet will start running in other countries as soon as Apple grants the approval. Notably, the Uniswap wallet is designed to allow users trade crypto assets on Ethereum’s mainnet. More so, it allows for seamless trading on Arbitrum and Optimism. Through the Uniswap wallet, users can access NFT details, select favorite tokens and wallet addresses while exploring different cryptocurrencies.
As revealed, the exchange had earlier launched the wallet to 10,000 early-access users. This was done through Apple testing platform known as Apple TestFlight. Although, Apple store didn’t allow the Uniswap wallet to go live on its platform then. According to the exchange, the reason behind Apple’s previous decision not to allow the running of the wallet app on its store remains unknown.
Although the obstacle facing the launch of Uniswap wallet app in the U.S, United Kingdom and France has been resolved, the exchange is yet to know when Apple would give approval for other regions. Furthermore, the wallet app code open-source has been made and publish on GitHub.
Side Notes on Uniswap
In recent times, Uniswap has established itself as the most popular Ethereum DeFi protocol. It boasts of over $4.26 billion in total value locked. Although, its NFT marketplace is yet to record any substantial trading volume when compared with others. However, the exchange NFT platform hasn’t witnessed considerable volume of trade compared to other NFT markplaces.
Last October, the company in its series B funding round raised $165 million. According to Uniswap, the funding round was led by an American-based investment firm, Polychain Capital. As revealed, other notable participants of the round include a16z crypto, Paradigm, SV Angel and Variant. Notably, the exchange aim to focus on products that can enhance the crypto ecosystem. Also, Uniswap plans to avail a minimum of $60 million in grants to community projects in the years to come.