Home deFi Robinhood Companions With Arbitrum to Ease Layer 2 Entry

Robinhood Companions With Arbitrum to Ease Layer 2 Entry

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Robinhood Companions With Arbitrum to Ease Layer 2 Entry

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Robinhood Pockets customers will have the ability to swap tokens on Arbitrum-based DEXs.

Standard buying and selling app Robinhood and Arbitrum are teaming as much as simplify entry to Layer 2 networks (L2s) by providing Robinhood Pockets customers the flexibility to swap tokens by decentralized exchanges on Arbitrum. The collaboration was unveiled right now at ETHDenver.

Robinhood Pockets customers can now profit from decrease transaction prices and quicker transaction speeds on the main L2 with over $12 billion in complete worth locked. ARB briefly spiked 10% on the information earlier than retracing to $2.02.

ARB Price chart
ARB Worth

“Ethereum gasoline charges are an important a part of securing the community, however these identical charges can hinder adoption,” stated Johann Kerbrat, Basic Supervisor of Robinhood Crypto. “Layer 2s like Arbitrum…assist clear up this downside for our customers.