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Binance Joins Association of Russian Banks, Strengthening Strategic Relations

Binance cryptocurrency exchange has joined the Association of Russian Banks (ARB), which arguably bolsters its relationship with top financial institutions in the country.

As reported by a local media outlet, Prime, the onboarding of the trading platform into the banking organization was accompanied by establishing a new department within the body.

The department is called the Expert Center for Digital Financial Assets and Digital Currencies. Per the report, it will be led by Olga Goncharova, the Binance Exchange’s Russia and CIS head. As a frontline expert in the digital currency ecosystem, Binance, through the expert Center, will supply members of the association with technical insights related to digital currencies.

As detailed in the report, the new “Expert Center” will help compile “professional opinions on the circulation of digital financial assets and digital currencies” and provide members “with expert and analytical materials” on the topic of crypto, as well as providing “international experience.”

The role of Binance is assuming is pivotal in the overall emancipation of digital currencies in Russia as the ARB is a body that consists of about 290 banks. Despite the country’s largest banking organizations such as Gazprombank, Sberbank, and six others are not being enlisted as members based on a recent fallout, the organization still has a prominent presence in determining the direction of financial policies in the country.

The Russian government has been analyzing its potential moves related to its engagement with Bitcoin and other digital currencies lately. While the Bank of Russia has proposed a ban option, the move has been heavily criticized by some of the country’s local leaders, including Telegram founder and Chief Executive Officer Pavel Durov and Leonid Volkov, the Chief of Staff to the Russian opposition leader, Alexei Navalny.

The Bank has now resorted to banning Bitcoin mining, a move that it hopes will generally limit the circulation of the digital currency in the country. The ascension of Binance to the ARB may change the narrative even in ways that cannot be deciphered at this time.

KyberSwap announces first ever $ARB token liquidity pools, liquidity mining and trading campaigns on Arbitrum

Ho Chi Minh City, Vietnam, 22nd March, 2023, Chainwire

Since launching in 2021, Arbitrum has emerged as one of the most promising Layer 2 solutions, with its ability to scale Ethereum and enable faster and cheaper transactions.

On March 16, Ethereum Layer 2 scaling solution Arbitrum announced plans to distribute a new governance token, $ARB, to its eligible Arbitrum ecosystem users as part of its transition, noting that the project is “leading the way as the first L2 to launch self-executing governance.”

This airdrop, estimated to go live on 23 March, is set to be one of the biggest airdrop in crypto history.

KyberSwap was among the protocols whose users bridged to Arbitrum and conducted swaps on the platform, thereby becoming eligible for the $ARB Airdrop.

KyberSwap, a leading decentralized exchange (DEX) aggregator and liquidity platform, will launch the first-ever $ARB token liquidity pools, liquidity mining, and trading campaigns on the Arbitrum Chain. These moves mark significant steps forward for KyberSwap, as it will assist to catalyse significant liquidity inflows, thus increasing TVL and provide more earning opportunities in the rapidly growing Arbitrum ecosystem.

With the launch of the $ARB liquidity pools, KyberSwap users will now have access to more trading pairs and liquidity options. Liquidity providers will also have more opportunities to earn fees and rewards by adding liquidity to the $ARB pools and participating in liquidity mining programs by KyberSwap.

The following ARB pools will be eligible for liquidity mining rewards:

Token Pairs

ARB-ETH (2%)
Apr ARB-ETH (5%)
ARB-USDT (2%)
ARB-USDT (2%)
ARB-KNC (5%)

An estimated total of 70,000 KNC has been allocated as reward incentives.

*Incentives may continue after the designation duration is over; to be confirmed at a later date.

Greater Flexibility with new Fee Tiers

With these highly anticipated yield farms, KyberSwap is introducing new 2% and 5% fee tiers, which exceeds their current highest offering of 1%. These new fee tiers provide opportunities for $ARB farmers to benefit from the anticipated high volatility and trading volume, during the price discovery phase after the airdrop. These pools offer superior returns in addition to the farming rewards, and as a liquidity protocol that has been seamlessly integrated by multiple DEXs and aggregators, KyberSwap is well poised to serve the trading needs of the entire chain not found with other competitors.

“We are excited to launch the first ever $ARB liquidity mining pools,” said Victor Tran, CEO and Co-founder of KyberSwap. “These farms will mark the beginning of an extensive Arbitrum-centered campaign KyberSwap has planned, and we will announce more rewards and activities soon for both LPs and traders. Additionally, traders can set their prices to purchase or sell $ARB with our limit order function and swap at the optimised rates with our aggregator.”

Other Arbitrum Yield Farms on KyberSwap

Apart from the upcoming ARB farms, there are other ongoing Arbitrum-based yield farms on kyberswap.com:

Depending on the success of $ARB trading volume, the KyberSwap team is planning additional rewards post-launch for traders and liquidity providers which may include $ARB and $KNC airdrops, and commemorative NFT rewards.

According to Nansen, Arbitrum was one of the fastest-growing blockchain in 2022 with more than $1.1 billion locked in its ecosystem and a rapid increase in transactional volume, this layer-two scaling solution gained massive traction during the year.

*Arbitrum Active Addresses/Transactions

The $ARB token liquidity pools, liquidity mining, and trading campaigns are set to go live on KyberSwap soon, with further details and instructions to be provided on KyberSwap’s Twitter and on kyberswap.com.

About KyberSwap

Kyber Network is building a world to make DeFi accessible, safe and rewarding for users. Their flagship product, KyberSwap, is a next-gen DEX aggregator providing optimised rates for traders and returns for liquidity providers in DeFi.

For liquidity providers, KyberSwap has a suite of capital-efficient protocols designed to optimize rewards. KyberSwap Classic’s protocol is DeFi’s first market maker protocol that dynamically adjusts LP fees based on market conditions, while KyberSwap Elastic is a tick-based AMM with concentrated liquidity, customizable fee tiers, reinvestment curve and other advanced features specially designed to give LPs the flexibility and tools to take your earning strategy to the next level without compromising on security.

KyberSwap powers 100+ integrated projects and has facilitated over US$15 billion worth of transactions for thousands of users since its inception.

Currently deployed on 13 chains, including Ethereum, Polygon, BNB, Avalanche, Fantom, Cronos, Arbitrum, BitTorrent, Velas, Aurora, Oasis, Optimism and Solana, KyberSwap aggregates liquidity from over 80 DEXs to give users the best rates possible for their swaps.

Contact

Marketing SpecialistTania HayKyberSwaptania@kyber.network

Decentralized Perpetual Exchange PairEx Announces Beta Trading Competition with Up to 8,888 USD ARB & PEX Tokens

Taiwan, Taiwan, April 20th, 2023, Chainwire

PairEx.io, a decentralized perpetual exchange built on the Arbitrum network, is excited to announce its beta trading competition with a prize pool of up to 8,888 USD equivalent in ARB and PEX tokens. The competition, which is now live, offers traders the opportunity to showcase their trading skills and win lucrative rewards.

The PairEx.io trading competition will run from April 3, 2023, to May 11, 2023. Traders can participate by trading in the BTCUSDT or ETHUSDT perpetual swap trading pairs on the PairEx.io platform during the competition period. To be eligible for rewards, participants must achieve a minimum of 50,000 USDT accumulative trading volume and at least 20 trades, including open and close positions, and have a profitable wallet address with net accumulative profit and loss during the competition period.

The details of the competition are shown on Medium of PairEx.io

In addition to the rewards for the top gainers, eligible participants who meet the minimum requirements will also receive a mystery NFT.

PairEx.io is designed to provide traders with unparalleled performance, speed, and scalability. As a completely decentralized exchange, PairEx.io ensures that traders have complete control over their assets, with all trades executed on-chain via smart contracts for enhanced security, transparency, and immutability. The platform offers zero slippage and zero spreads, eliminating hidden fees and unexpected price movements, and has one of the lowest transaction fees in the industry, at just 0.08% per transaction. With up to 100x leverage, PairEx.io empowers traders to maximize their profits while minimizing their investment capital.

“We are thrilled to introduce PairEx.io to the trading community through our beta trading competition,” said the PairEx team. “Our platform offers a truly decentralized and transparent trading environment, with cutting-edge features such as zero slippage, low transaction fees, and high leverage. We invite traders to join our beta test, provide feedback, and help us shape the future of perpetual trading.”

To participate in the PairEx.io beta trading competition and stand a chance to win up to 8,888 USD in rewards, traders can visit pairex.io and follow PairEx’s Twitter account for updates to make sure they don’t miss this opportunity to experience the power of PairEx.io.

About PairEx.io

PairEx.io is the first decentralized perpetual exchange built on the Arbitrum network. Offering zero slippage, zero spreads, low transaction fees, and up to 100x leverage, PairEx.io aims to provide traders with unparalleled performance, speed, and scalability. As a completely decentralized exchange, PairEx.io ensures that traders have complete control over their assets, with all trades executed on-chain via smart contracts for enhanced security, transparency, and immutability. Join PairEx.io’s beta test and experience the future of perpetual.

Website | Twitter | Telegram

Contact

PairExmedia@pairex.io

Arbitrum Bridge: A Comprehensive Guide

Arbitrum Bridge is a Layer 2 solution that enables users to transfer assets from the Ethereum mainnet to the Arbitrum network. It is an essential part of the Arbitrum ecosystem, which attempts to increase the scalability of Ethereum by processing transactions off-chain while retaining the mainnet’s security..This article provides a comprehensive guide to the Arbitrum Bridge, including its functionality, supported assets, fees, security, troubleshooting, and alternatives.

Overview

Arbitrum, developed by Offchain Labs, is a Layer 2 scaling solution for Ethereum. It aims to address the scalability issues of Ethereum, which has been plagued by high gas fees and slow transaction times due to its limited capacity. By processing transactions off-chain, Arbitrum can significantly reduce these fees and increase transaction speed, making Ethereum more usable for everyday transactions.

The Arbitrum Bridge is a key feature of this solution. It allows users to transfer their assets from Ethereum to the Arbitrum network in a secure and trustless manner. This means that users do not need to trust any third party with their assets – the bridge ensures that the assets are safely locked on the Ethereum network and the corresponding amount is minted on the Arbitrum network.

Functionality

To use the Arbitrum Bridge, users need to connect their Ethereum wallet (such as MetaMask, Coinbase Wallet, Rainbow, Trust Wallet) to the bridge. Once connected, they can specify the amount of assets they wish to transfer. The bridge then locks the assets on the Ethereum network and mints the corresponding amount on the Arbitrum network.

This process is secure and trustless. The bridge does not have the ability to access or control the user’s assets. Instead, it uses smart contracts to lock the assets on the Ethereum network and mint the corresponding amount on the Arbitrum network. This ensures that the user always retains control over their assets.

Supported Assets

The Arbitrum Bridge supports a wide range of assets, including but not limited to ETH, WBTC, USDT, DAI, AVAX, BNB,USDC. This broad support enables users to transfer almost any asset they hold on the Ethereum network to the Arbitrum network.

Furthermore, the bridge supports multiple networks, including Ethereum, Avalanche, BNB Chain, Canto, Polygon, and 15 others. This makes the Arbitrum Bridge a versatile tool for users looking to move their assets between different blockchain networks.

Fees

The cost of using the Arbitrum Bridge can vary depending on the current gas prices on the Ethereum network. However, once the assets are on the Arbitrum network, transactions are significantly cheaper due to the reduced gas costs on Layer 2.

It’s worth noting that the cost to bridge assets from Ethereum to Arbitrum can be further reduced by using the Synapse Protocol’s native token, SYN, as your bridging crypto. This provides users with a cost-effective way to transfer their assets to the Arbitrum network.

Security

Security is a top priority for the Arbitrum Bridge. It relies on Ethereum’s Layer 1 for security, meaning that even though transactions are processed off-chain, they still benefit from the robust security of the Ethereum network.

The bridge has been audited by top smart contract risk assessment firms, ensuring its safety and reliability. It locally stores critical data like private keys on user devices, minimizing external risks. In addition, it ensures encrypted communication between devices and the bridge for added protection.

Troubleshooting

In case of any issues while using the Arbitrum Bridge, users can refer to the official documentation provided by the developers. This includes a comprehensive guide on how to use the bridge, as well as a troubleshooting section that addresses common problems and their solutions.

For example, when initiating a withdrawal from Arbitrum chains (One and Nova), the process will typically take roughly one week. However, some users opt to use third-party fast bridges, which often bypass this delay.

Alternatives

While the Arbitrum Bridge is a popular choice for transferring assets to the Arbitrum network, there are also other bridges available. These include the Celer Network’s cBridge and Connext’s cross-chain bridge. Each of these alternatives has its own set of features and advantages, and users can choose the one that best fits their needs.

Conclusion

The Arbitrum Bridge is a powerful tool that enables users to leverage the benefits of Layer 2 scaling on the Ethereum network. By providing a secure, efficient, and cost-effective way to transfer assets between networks, the Arbitrum Bridge is a key component of the broader Ethereum ecosystem.

As the Ethereum network continues to grow and evolve, tools like the Arbitrum Bridge will play an increasingly important role in enhancing its scalability and usability. Whether you’re a seasoned Ethereum user or new to the world of blockchain, the Arbitrum Bridge provides a simple and secure way to take advantage of the benefits of Layer 2 scaling.

Offchain Labs's Arbitrum Stylus Goes Live

Offchain Labs announced the public testnet and code release for Arbitrum Stylus on August 31, 2023. This new framework is designed to work on Arbitrum Nitro chains, allowing developers to build smart contracts using both Ethereum Virtual Machine (EVM) tools and WebAssembly (WASM)-compatible languages like Rust, C, and C++. Stylus aims to significantly reduce gas costs and enable new, resource-intensive blockchain applications. The open-source Software Development Kit (SDK) is now available for developers.

One Chain, Multiple Languages

Arbitrum Stylus is designed to be a “one chain, many languages” solution. It allows developers to use traditional EVM languages like Solidity alongside WASM-compatible languages such as Rust, C, and C++. According to Offchain Labs, this feature expands the potential developer base from approximately 20,000 Solidity developers to millions who are proficient in Rust and C languages.

Efficiency and Cost-Effectiveness

Stylus claims to offer over 10x improvement in computational speed and over 100x improvement in memory efficiency compared to traditional EVM-based solutions. These efficiency gains are expected to translate into significantly lower gas costs for executing smart contracts. Offchain Labs states that allocating megabytes of RAM in Stylus could cost 100–500x less than in Solidity.

New Use Cases Enabled

The efficiency gains are not merely theoretical; they open doors to new blockchain applications that were previously impractical due to resource constraints. These include alternative signature schemes, larger generative art libraries, C++ based gaming, and compute-heavy AI models.

Security Features

Stylus also aims to improve smart contract security with features like opt-in reentrancy, a common vulnerability in Solidity that Stylus disables by default unless intentionally overridden by the developer.

Community and Ecosystem

Arbitrum, the Layer 2 scaling solution for which Stylus is built, already has a large developer and partner community. Stylus aims to leverage this existing ecosystem to encourage rapid adoption and innovation.

What’s Next?

Offchain Labs has scheduled a security audit of the Stylus source code by Trail of Bits. Additionally, a Decentralized Autonomous Organization (DAO) vote will determine the inclusion of Stylus support in Arbitrum One and Arbitrum Nova. An “Ask Me Anything” (AMA) session is planned for September 7, 2023, and a Stylus Hackathon with $20,000 in bounties will be held at ETHGlobal NY from September 22–24, 2023.

Conclusion

The launch of Arbitrum Stylus marks a significant milestone in the evolution of Ethereum’s Layer 2 solutions. By offering multi-language support and efficiency gains, Stylus aims to broaden the developer base, reduce operational costs, and enable new blockchain applications. As the public testnet goes live, the blockchain community will be watching closely to see if Stylus delivers on its promises.

Arbitrum Proposes 75 Million ARB Short-Term Incentive Program

Arbitrum ($ARB) Incentives Working Group released a proposal outlining a Short-Term Incentive Program. The initiative aims to distribute up to 75 million ARB tokens from DAO-funded incentives to active protocols on the Arbitrum network. The proposal is the result of multiple community calls and workshops involving various stakeholders.

Objectives and Rationale

The program is designed to achieve four primary goals:

Support Network Growth: Accelerate the distribution of incentives to Arbitrum decentralized applications (dApps) to foster network and ecosystem expansion.

Experiment with Incentive Grants: Uncover new incentive strategies to boost user engagement, transaction volume, and liquidity.

Find New Models for Grants and Developer Support: Generate maximum activity on the Arbitrum network.

Create Incentive Data: Collect data on the effectiveness of distributed grants to inform future incentive programs.

The proposal aims to increase volume, transactions, users, and liquidity in the Arbitrum ecosystem. It serves as an experimental program with the primary objective of promoting innovative incentive strategies while ensuring basic safeguards.

Financial and Operational Details

The program will have a budget of 75 million ARB earmarked for incentive grants. Additional allocations include:

A 37,000 ARB operational budget for community and project facilitation.

20,000 ARB to @tnorm for community moderation.

12,000 ARB for PL-ARB Grants Safety Multisig.

5,000 ARB for delegate contributions.

Eligibility and Evaluation Guidelines

Grantees are required to meet specific criteria, including providing a spending plan, pro forma, and the grant’s objective. They must also commit to sharing data on distributions, transactions, and key metrics like daily Total Value Locked (TVL), transaction volumes, and unique addresses.

The program offers four grant categories:

Beacon Grants: Up to 200K ARB for protocols live on Arbitrum for at least two months and meeting specific TVL or volume criteria.

Siren Grants: Up to 750K ARB for protocols live for at least four months and meeting higher TVL or volume criteria.

Lighthouse Grants: Up to 2M ARB for protocols live for at least six months and meeting even higher TVL or volume criteria.

Pinnacle Grants: Over 2M ARB for protocols live for at least 12 months and meeting the highest TVL or volume criteria.

Timeline and Approval Process

The program will undergo a three-week approval process across two cycles, each consisting of an application period, review period, and voting period. The first cycle begins on September 15, 2023, with funds distributed by October 6, 2023. The second cycle commences on October 6, 2023, with funds distributed by October 27, 2023.

Outstanding Questions

The proposal addresses concerns about exceeding the budget and plans for excess funds. If the budget is exceeded, funding will be allocated on a first-come, first-serve basis. Excess funds will be returned to the Arbitrum Treasury.

Conclusion

The Arbitrum Short-Term Incentive Program aims to catalyze network growth and user engagement through a one-time, community-driven initiative. With specific eligibility criteria and evaluation metrics, the program seeks to ensure transparent and effective distribution of incentives. The initiative offers a glimpse into Arbitrum’s strategic approach to fostering a dynamic ecosystem.

Arbitrum Alert: Whale Moves Nearly 3 Million ARB Tokens into Binance

A transaction involving ARB tokens has caught the attention of the cryptocurrency onchain analysts. ARB is the native token of Arbitrum network.

A whale with address 0xe04d0484ffb9e0b4567794008e5b8a7c7f6b7e6d transferred 2,689,046 ARB tokens into Binance just a few hours ago.

Source: arbiscan

Just 3 days ago, the same whale sent 2 Million ARB to Binance.

The whale address has 6,750,000 ARB tokens, equivalent to $8.34 million. These ARB token are withrawn from Binance, OKX, and Coinbase Prime between March 29 and May 17, 2023. The average price of these tokens at the time of withdrawal was $1.235 each, according to onchain analyst EmberCN.

If these tokens were to be sold at the current market rate, the whale would incur a loss of approximately $850,000.

Key Transaction Details

The transaction was confirmed on the blockchain with the hash 0x87a286a17c0f1e792a5e46f4f38e62b2e3aa2c6c0b81cb65cea0a43cb5bec20a.

The funds were transferred from address 0xe04d0484ffb9e0b4567794008e5b8a7c7f6b7e6d to address 0x3c2efda2a31660cbf0645d1d9cd442a1588723d4.

Source: arbiscan

It was successfully processed in block 127878480, with 1204 Level 1 block confirmations. The timestamp indicates that the transaction occurred at 07:27:33 AM UTC on September 4, 2023.

Market Implications

While the reasons for these large transactions remain unclear, they do raise questions about market sentiment surrounding ARB tokens. The activity comes amid a period of market uncertainty, where large moves into crypto exchanges by single entities can have a negative effect on token prices and investor confidence.

Recenly, Blockchain.News reported “Arbitrum Proposes 75 Million ARB Short-Term Incentive Program”.

Stellar XLM Rises 8%: What It Means for TON, XMR, and ARB

Stellar (XLM) Experiences Over 8% Uptick

As of September 4, 2023, Stellar ($XLM) has seen an 8% increase in its price, indicating a potential mini breakout. This comes at a time when the asset has been consistently “shorted by the crowd,” according to data from Santiment. The uptick in price could be further fueled by liquidations.

Market Watchlist: TON, XMR, ARB

Based on data from Santiment, investors should closely monitor the cryptocurrencies TON, XMR, and ARB, as these assets are also being “shorted by the crowd.”

As of the latest data, XMR’s market value stands at approximately $21.3 million, a significant increase from $11.7 million on August 21. The long/short ratio for XMR is 1.44, indicating a balanced market sentiment. This suggests that XMR is less likely to experience liquidity issues in the long positions.

ARB’s Declining Open Interest

In contrast, ARB has seen a decline in open interest. It reached a high of around $60 million on August 28 but has since dropped to $48.7 million. Despite the decrease, the open interest remains substantial. However, ARB’s long/short ratio of 3.78 serves as a warning signal for long traders, indicating potential liquidity risks.

Arbitrum DAO Approves Additional Funding for STIP Proposals

The Arbitrum DAO, a layer-2 networking system designed to enhance Ethereum blockchain scalability, has recently taken a significant step in expanding its Short-Term Incentive Program (STIP). The DAO, governed by ARB token holders and financed through transaction fees, voted to increase its STIP budget by $23.4 million. This decision was made during a community vote held from November 18 to December 2, 2023.

The proposal aimed to provide additional funding for projects that had previously been approved but not financed due to the initial 50 million ARB token cap set for STIP. The recent vote led to the allocation of an additional 21.1 million ARB tokens, equivalent to approximately $23.4 million, thereby expanding the overall STIP budget to 71.4 million ARB tokens.

This increased funding will now extend to a total of 56 projects, emphasizing the DAO’s commitment to supporting diverse and emerging builders within the Arbitrum ecosystem. The initiative is part of a broader effort to create a conducive environment for new projects and foster innovation and growth on the platform.

Among the projects receiving additional funding are Wormhole (1.8 million ARB), Stargate Finance (2 million ARB), and Gains Network (4.5 million ARB). However, due to the imposition of Know Your Customer (KYC) requirements by STIP, PancakeSwap withdrew its request for 2 million ARB.

The decision to authorize increased funds was not without controversy. Some members of the Arbitrum DAO argued that a complete second round of funding would have been a more equitable approach to include additional protocols in the incentives program. This sentiment reflects the ongoing debate within the community about the best methods to support and integrate new projects into the Arbitrum ecosystem.

Delegates from the MUX protocol raised concerns about the mixing of projects of varying quality due to the additional funding. However, the majority vote in favor of the proposal underscores the community’s preference for immediate action to support a wider range of projects, despite the differing opinions.

The Arbitrum DAO’s decision to expand its STIP budget signifies its commitment to nurturing a diverse and dynamic ecosystem of projects. By funding additional initiatives, the DAO aims to bolster innovation and growth, ensuring the platform remains competitive and attractive to developers and users alike. This move also highlights the active role of ARB token holders in shaping the future of the Arbitrum ecosystem through their participation in governance decisions.

Overall, the approval of the increased funds for STIP proposals represents a critical step in Arbitrum’s journey towards fostering a thriving and inclusive environment for blockchain innovation and development.

Robinhood Wallet Joins Forces with Arbitrum (ARB) to Enhance Layer 2 Access

Robinhood, the popular financial services company, in its latest strategic move to dive deeper into the world of decentralized finance, has partnered with Arbitrum to provide its users with enhanced access to Layer 2 solutions. This collaboration was announced at ETHDenver and aims to simplify the user experience by integrating Arbitrum swaps directly into the Robinhood Wallet.

The integration with Arbitrum, a leading Layer 2 scaling solution for Ethereum, enables Robinhood Wallet users to benefit from lower transaction costs and faster speeds, addressing some of the common pain points associated with the Ethereum network. Over the upcoming months, both companies are set to collaborate on facilitating cross-chain swaps and launching other initiatives to reduce barriers for web3 usage within the Robinhood Wallet environment.

Johann Kerbrat, General Manager of Robinhood Crypto, highlighted the challenges Ethereum gas fees present in terms of network security and user adoption. He emphasized the critical role of Layer 2 solutions like Arbitrum, currently the chain with the highest total-locked value, in addressing these challenges and making access to L2s more straightforward for those new to web3.

A.J. Warner, Chief Strategy Officer at Offchain Labs, the team behind Arbitrum, expressed excitement about integrating Robinhood Wallet into the Arbitrum ecosystem. He anticipates that this partnership will bring low-cost in-app swaps to a broader audience and empower users to delve further into the realm of decentralized finance.

Robinhood Wallet, a self-custody wallet, allows users to store and manage their crypto assets across multiple networks, including Ethereum, Bitcoin, Dogecoin, Arbitrum, Polygon, Optimism, and Base. It empowers users by giving them control over their private keys and, consequently, full ownership of their cryptocurrencies.

Understanding the varying expertise levels of its user base, Robinhood Wallet is dedicated to offering a range of features that cater to both beginners and more seasoned crypto users. This includes intuitive user interfaces for novices and sophisticated tools for experienced traders.

The partnership reflects Robinhood and Arbitrum’s shared commitment to advancing the accessibility of decentralized finance (DeFi). With both entities focused on continuous innovation and user-centric development, Robinhood Wallet users can expect an expanding suite of features designed to elevate their crypto experience.