Last updated on March 27th, 2023 at 08:48 pm
Good morning to people who are waiting for the Arbitrum listings, good evening to traders who are calculating the influence of such crypto assets on the crypto market, and good night to readers who are searching the information about where the crypto assets will be listed.
Well, the main question is, why are Arbitrum listings so important for the crypto market? Firstly, Arbitrum is the largest solution for scaling Ethereum to the second level.
It accounts for more than half of the L2 market, and the market capitalization of projects on Arbitrum exceeds $3.3 billion. Moreover, Arbitrum holds 55% of the Ethereum layer 2 market share, according to layer-2 analytics site L2Beat.
As one of the most significant crypto projects without a token, anticipation for an Arbitrum token has been at a fever pitch since the network went live in 2021. According to the Beincrypto, there are three main reasons why the airdrop Arbitrum is one of the most positives news for a long time:
- First of all, it demonstrates that the Arbitrum development team at Offchain Labs views the market environment favorably. Since consumers typically choose to invest their free money in safer and more stable assets, it makes no sense to issue a token during a bear market.
- Secondly, 1% of the total ARB offer is reserved for decentralized autonomous organizations (DAO) that are a part of the Arbitrum ecosystem, including Jones DAO, Plutus DAO, Camelot Exchange, and GMX. All of these DAO will receive a reward in ARB tokens, which they can then either leave in the DAO Treasury or use as a reward for DeFi users.
- Finally, the ARB issue will allow crypto market participants to invest in the largest and most successful L2 blockchain. Arbitrum is considered a serious competitor to first-level solutions and can take a large market share from networks such as Solana, Polygon, and Avalanche.
The ARB token of the Arbitrum ecosystem will be listed on several top exchanges. It will be available not only on the spot but also in derivatives and futures trading.
Bybit Crypto Exchange has announced the listing of the ARB coin. Moreover, in addition to spot pairs (ARB/USDT, ARB/USDC), they will offer ARBUSDT derivatives, futures contracts, and copy trading.
Bybit also launched a promotion – everyone who contributes at least 250 ARBs to the spot will receive $25 to the balance. And they offer a 10 USD draw.
Huobi opened deposits in ARB on March 17. On Thursday, they, like other exchanges, will list an asset for spot trading (ARB/USDT, ARB/USDD). The company also promises activities with awards, but so far it does not give specific descriptions.
Binance will launch trading ARB coins on March 23, 2023. Two pairs will be available to spot traders – ARB/BTC and ARB/USDT. The withdrawal to ARB will open around March 24.
The MEXC platform has also opened deposits, and on March 23 it will scroll through the Arbitrum coin, but only in one ARB/USDT trading pair.
Other exchanges that also announced the listing of the crypto assets are CoinW Exchange, Bitrue exchange, and WhiteBIT.