In the world of cryptocurrencies, news of a new token being added to a major exchange often causes a stir in the community. This was the case on March 22, when Coinbase, one of the largest cryptocurrency exchanges in the world, announced via Twitter that it will add support for Arbitrum (ARB) on the Arbitrum network, which is an ERC-20 token.
The tweet also contained a warning to users not to send this asset over other networks or risk losing their funds. However, inbound transfers for this asset are available on Coinbase and Coinbase Exchange in regions where trading is supported. Trading of ARB is expected to begin on March 23, 2023, if and when liquidity conditions are met.
Coinbase will add support for Arbitrum (ARB) on the Arbitrum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets (@CoinbaseAssets) March 22, 2023
Once there is sufficient supply of this asset, Coinbase plans to announce the impending launch of trading on their ARB-USD pair in phases. However, it’s important to note that support for ARB may be restricted in some supported jurisdictions.
The Arbitrum network (ERC-20 token) contract address for Arbitrum (ARB) is 0
The Arbitrum network (ERC-20 token) contract address for Arbitrum (ARB) is 0x912CE59144191C1204E64559FE8253a0e49E6548. Coinbase will add support for ARB with the Experimental label.
The announcement by Coinbase has also been followed by other major cryptocurrency exchanges, such as Binance, Bybit, OKX, Kucoin, Bitget, CoinEX, MEXC, Gate and Huobi, who have also announced that they will list ARB token after the token launch on March 23. This indicates that there is significant interest in this new token, and its launch is eagerly anticipated by traders and investors alike.
The addition of Arbitrum (ARB) to Coinbase and other major cryptocurrency exchanges is likely to have a significant impact on the value and adoption of this token. It will be interesting to see how the market reacts to the launch of ARB and whether it can live up to the expectations of investors and traders.
Read more:
- Arbitrum (ARB) Airdrop: 5 Major Exchanges Confirmed To List On March 23
- Token Unlock Sparks Queries On Arbitrum’s Token Supply And Market Influence, ARB Being Sold Around $1 Via OTC
- Arbitrum Airdrop 113 Million ARB Tokens To DAO Projects On Its Ecosystem
- Binance To List Arbitrum (ARB) For Spot Trading Pairs