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He said he would focus on cryptocurrencies! U.S. Giant Ethereum Will List Its Altcoin! - Coin Newsletter
Robinhood announced that it will list the popular Ethereum Layer-2 solution Arbitrum (ARB).
Major U.S. trading platform Robinhood continues to expand its cryptocurrency listings. Finally, it announced that it will add Arbitrum, one of Ethereum's scalability solutions, to its (ARB) platform. This move is considered one of Robinhood's moves to further strengthen its presence in the crypto market.
Robinhood's crypto strategy is growing
Robinhood has accelerated its expansions in the cryptocurrency field recently. The platform, which announced its entry into the futures market in recent weeks, is now expanding its range of crypto assets by adding Arbitrum. Furthermore, listing Donald Trump-themed memecoins in recent months and re-supporting some major cryptocurrencies show that the company is strengthening its position in the industry.
The listing of Arbitrum is considered as an indicator of the increasing interest in Layer-2 solutions in the Ethereum ecosystem. This move by Robinhood highlights the platform's desire to provide investors access not only to cryptocurrencies with large market capitalization but also to projects seen as important for the future of Ethereum.
After this development, the ARB price increased by 10 percent from $0.397 to $0.435.