February 29, 2024 17:28 | 1 minute read |
Crypto whales are loading — are you there?
New research shows that the biggest crypto buyers are coming back. And this time? It may be possible for Bitcoin to exceed $100,000 in 2024. You don't want to miss out on the next big crypto bull run like we saw in 2020 and 2021. To find out exactly what's going on and what to buy…visit Benzinga. Best cryptocurrency research and investment for just $1.
trading platform robin hood (NASDAQ:HOOD) announced integration plans on Thursday Arbitrum (CRYPTO: ARB), Key Layer 2 Ethereum (CRYPTO: ETH) Integrate blockchain into your Robinhood wallet.
what happened: This partnership aims to facilitate easier and more efficient crypto exchange for users, creating a bridge between traditional financial platforms and the burgeoning world of decentralized finance (DeFi).
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Arbitrum, known for its efficiency and low transaction costs compared to Ethereum mainnet, is at the forefront of DeFi innovation with total value locked (TVL) of approximately $3.2 billion, CoinDesk reports did.
Also read: Bitcoin bear Peter Schiff gets roasted – “At what point do you admit you were wrong?”
why is it important: Johan Kelblatt Robinhood Crypto emphasized the purpose of this initiative to demystify Layer 2 transactions for new entrants to the cryptocurrency space, saying, “Historically, accessing and trading in L2 has been difficult for non-crypto natives. However, Robinhood Wallet removes complexity and supports new entrants.” Go to Web3. ”
AJ Warner of Off-chain lab He emphasized the importance of this integration, saying, “As DeFi continues to lead with Arbitrum, one of the most popular trading platforms will bring low-cost in-app swaps to a wide range of traders.” Ta.
The crypto community will be watching with keen interest as Robinhood and Arbitrum work closely together in the coming months to implement cross-chain swaps and launch a campaign aimed at lowering the barrier to entry for Web3.
This partnership could have a significant impact on how traditional investors interact with DeFi platforms, leading to increased adoption and investment flows into the crypto ecosystem.
Price action: At the time of writing, ARB was trading high, up more than 11% in the past 24 hours, according to Benzinga Pro.
Read next: Bitcoin ETFs soar on record inflows, Morgan Stanley considering entry
Image: Shutterstock
Crypto whales are loading — are you there?
New research shows that the biggest crypto buyers are coming back. And this time? It may be possible for Bitcoin to exceed $100,000 in 2024. You don't want to miss out on the next big crypto bull run like we saw in 2020 and 2021. To find out exactly what's going on and what to buy…visit Benzinga. Best cryptocurrency research and investment for just $1.
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