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Robinhood Partners With Arbitrum to Let Users Swap Crypto Easily

Author

Jay Solano

Tags

Tags Editor's Choice

Reading time

1 min
Last update

Author

Jay Solano

Tags

Editor's Choice

Category

News

Reading time

1 min
Last update

Author

Jay Solano

Tags

Editor's Choice

Reading time

1 min
Last update


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Robinhood is adding Arbitrum swaps to its self-custody wallet in the coming months, causing the $ARB token price to jump.

Good news for crypto users! Robinhood announced that its Robinhood Wallet will soon allow users to easily swap cryptocurrencies using Arbitrum. This is a faster and cheaper way to trade crypto compared to the main Ethereum network.

The announcement caused the price of $ARB token to jump over 11%. Robinhood and Arbitrum will also collaborate in the coming months to make it easier for people to use Web3 (decentralized web technologies) through Robinhood Wallet.

Here’s what this means:

  • Swapping crypto will be easier: Users can avoid the high costs and slow speeds of the main Ethereum network for their crypto trades.
  • More people can access Web3: Robinhood aims to make Web3 more user-friendly and accessible to a wider audience.

This partnership is a big step towards making crypto trading and Web3 more accessible to everyone.