Dharma Allows Users to Trade on Uniswap Via Bank Account

DeFi on-ramp platform Dharma announced on November 2 that its US users can now purchase assets on Uniswap directly via their bank accounts.

Users can buy up to $25,000 of any asset on Uniswap
Users will only need to download the Dharma app and connect their bank account to start purchasing assets
The feature is currently only available in 13 states in the US, with support for additional states planned
The Dharma team cites the difficulty of using Uniswap for first time users as being the motivation to support direct purchases via bank accounts
Co-founder and CEO of Dharma Nadav Hollander compared the Uniswap experience to trading Bitcoin (BTC) in 2011, and expects direct purchases to streamline the investment process
Dharma has also been in the news for initiating Uniswap’s first governance proposal, which failed amid controversy