According to breaking information, Robinhood Wallet will be integrated with Arbitrum.
Robinhood, a well-known trading platform for stocks and cryptocurrencies, announced that it has partnered with Arbitrum, an Ethereum-based layer-2 blockchain.
The announcement was made today at the ETHDenver event. The collaboration will allow users of Robinhood's self-custody wallet to access swaps on Arbitrum. This feature is expected to be available in the coming months.
Arbitrum, also known as a rollup, is an auxiliary layer-2 blockchain that processes transactions faster and cheaper than the main Ethereum blockchain. It currently leads among Ethereum's layer-2s in terms of total value locked (TVL), with approximately $3.2 billion, according to data from DefiLlama.
AJ Warner, Strategy Director of Offchain Labs, the primary developer behind the Arbitrum network, expressed optimism about the partnership. “As DeFi continues its lead on Arbitrum, we will see one of the most well-known trading platforms offer low-cost in-app swaps to a broad audience of traders,” Warner said. said.
Robinhood Crypto General Manager Johann Kerbrat noted the importance of this collaboration: “Accessing and transacting on Layer-2s has historically been difficult for non-cryptocurrency experts. However, Robinhood Wallet now eliminates the complexities to help those new to Web3.” It helps lift it.”
*This is not investment advice.