Binance To List Arbitrum
Binance, one of the largest cryptocurrency exchanges in the world, has announced the listing of Arbitrum (ARB) on its platform. The trading of ARB/BTC and ARB/USDT spot trading pairs is tentatively set to open 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 to be around 12:30 (UTC) on the same day.
Binance will list Arbitrum (ARB) and tentatively set to open trading for these spot trading pairs tentatively at 2023-03-23 17:00 (UTC). The price of ARBUSDTM23 futures contract on BitMEX is displayed as $1.483. https://t.co/ceY92Qhzbn
— Wu Blockchain (@WuBlockchain) March 20, 2023
Optimistic Rollup Technology
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 listing fee for ARB is 0 BNB, making it a cost-effective option for investors.
Withdrawals for ARB is tentatively set to open at 17:00 (UTC) on March 24, 2023. However, the withdrawal open time is an estimated time for users’ reference, and users can view the actual status of withdrawals on the withdrawal page. Additionally, Binance will add ARB as a new borrowable asset with a new margin pair on Isolated Margin within 48 hours from the trading opening time.
New Margin Pair
Margin Data provides a list of the most updated marginable assets and further information on specific limits and rates. With the new margin pair, users can borrow ARB to trade with leverage, making it a potentially profitable investment for traders.
The listing of ARB on Binance is expected to increase its liquidity and attract more investors. Binance is known for its wide range of cryptocurrencies available for trading, and the addition of ARB further expands its portfolio. As more investors are drawn to the potential of the Ethereum network and Layer 2 scaling solutions like Arbitrum, the demand for ARB is expected to rise.
The listing of ARB on Binance, albeit tentative, is a significant development for the cryptocurrency industry and the Ethereum network. It provides an opportunity for traders to invest in a promising Layer 2 scaling solution project and its native governance token.
