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    Home»Altcoins»Retail Trading Giant Robinhood Lists Ethereum Layer-2 Arbitrum, Triggering Rally for ARB
    Altcoins

    Retail Trading Giant Robinhood Lists Ethereum Layer-2 Arbitrum, Triggering Rally for ARB

    Team_SimonCryptoBy Team_SimonCryptoMarch 6, 2025No Comments3 Mins Read
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    An Ethereum (ETH) layer-2 scaling answer is hovering after gaining assist from US retail buying and selling large Robinhood.

    In line with Robinhood, the ETH layer-2 Arbitrum (ARB) is now available to be purchased, offered, and traded over the buying and selling platform.

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    Information of the addition despatched ARB rallying from a worth of $0.374 on March 4th to $0.421 a day later. It has since stabilized and is buying and selling for $0.419 at time of writing, a 14.5% achieve over the past 24 hours.

    ARB joins Robinhood’s suite of crypto merchandise, which incorporates Bitcoin (BTC), Ethereum, Cardano (ADA), Solana (SOL), fashionable memecoins equivalent to Dogecoin (DOGE), Pepe (PEPE) and Shiba Inu (SHIB), and dozens of others.

    Final month, it was Robinhood reported that it noticed a staggering 8x enhance in crypto buying and selling income in This autumn of 2024, placing strain on Coinbase, its competitor and the biggest crypto trade platform within the US.

    In line with the Robinhood’s funding report, the corporate noticed a 200% year-over-year enhance in transaction-based revenues, most of which will be attributed to crypto.

    In February, the U.S. Securities and Trade Fee (SEC) dropped its investigation into Robinhood with out levying any enforcement actions in opposition to the agency.

    As said by Dan Gallagher, the Robinhood’s chief authorized, compliance and company affairs officer, on the time,

    “We applaud the workers’s resolution to shut this investigation with no motion. Let me be crystal clear – this investigation by no means ought to have been opened. Robinhood Crypto all the time has and can all the time respect federal securities legal guidelines and by no means allowed transactions in securities.

    As we defined to the SEC, any case in opposition to Robinhood Crypto would have failed. We admire the formal closing of this investigation, and we’re glad to see a return to the rule of regulation and dedication to equity on the SEC.”

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    Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any losses you could incur are your accountability. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in internet affiliate marketing.

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