Binance to List Arbitrum (ARB) for Spot Trading Pairs
Binance has announced that it will list Arbitrum (ARB) and tentatively set to open trading for two spot trading pairs, ARB/BTC and ARB/USDT, on March 23, 2023, at 17:00 (UTC).
Users can start depositing ARB in preparation for trading once the official token claiming is live at the Ethereum blockheight of 16,890,400, estimated at around 2023-03-23 12:30 (UTC). Withdrawals for ARB are tentatively set to open at 2023-03-24 17:00 (UTC).
Moreover, Binance will add ARB as a new borrowable asset with a new margin pair on Isolated Margin, within 48 hours from 2023-03-23 17:00 (UTC). The new Isolated Margin Pair is ARB/USDT.
Arbitrum is a Layer 2 scaling solution project for Ethereum that supports Ethereum applications. It utilizes optimistic rollup technology to group batches of transactions to save on gas fees. ARB is its native governance token.
The addition of ARB to Binance’s trading pairs is expected to increase its liquidity and trading volume. Binance’s support for ARB is a significant endorsement of the project, indicating that the exchange recognizes the potential of the platform.
Arbitrum’s optimistic rollup technology is gaining traction in the Ethereum community as a viable solution to Ethereum’s scalability problems. With Binance listing ARB, it is likely that the token will gain more attention from investors and traders alike.
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