Category: NFT News

Robinhood Partners With Arbitrum to Ease Layer 2 Access

By Published On: March 1, 20241.1 min readViews: 2430 Comments on Robinhood Partners With Arbitrum to Ease Layer 2 Access

Robinhood Wallet users will be able to swap tokens on Arbitrum-based DEXs.

Popular trading app Robinhood and Arbitrum are teaming up to simplify access to Layer 2 networks (L2s) by offering Robinhood Wallet users the ability to swap tokens through decentralized exchanges on Arbitrum. The collaboration was unveiled today at ETHDenver.

Robinhood Wallet users can now benefit from lower transaction costs and faster transaction speeds on the leading L2 with over $12 billion in total value locked. ARB briefly spiked 10% on the news before retracing to $2.02.

ARB Price

“Ethereum gas fees are an essential part of securing the network, but these same fees can hinder adoption,” said Johann Kerbrat, General Manager of Robinhood Crypto. “Layer 2s like Arbitrum…help solve this problem for our users.