Mentioned:
Robinhood is rolling out more digital assets for trading in America.
What’s happening:
- Robinhood (NASDAQ: HOOD) has officially listed Arbitrum for trading
Why it matters:
- Arbitrum has become one of the most important Layer 2 blockchains in crypto, which has been largely fuelled by being a frictionless scaling solution for transactions on Ethereum
Going deeper:
- This is the first time that Robinhood users in the United States of America have been able to trade Arbitrum directly on the Robinhood platform, however Robinhood’s proprietary crypto wallet known as Robinhood Wallet previously integrated Arbitrum for token swaps
- Robinhood has been making a concentrated push into expanding their crypto business, which has led to new all time records for fee generation and trading volumes
The intrigue:
- Arbitrum just recently surpassed one billion unique transactions that have been successfully completed on their blockchain
