Binance To List Arbitrum (ARB) On March 23, New Trading Pairs: ARB/BTC, ARB/USDT

Key Points:

• Binance adds ARB to its trading platform.
• Official token claiming for ARB is estimated to go live on March 23rd.
• ARB/BTC and ARB/USDT trading pairs tentatively set to open on March 23rd.
• Withdrawals tentatively set to open on March 24th.

Binance, one of the world’s leading cryptocurrency exchanges, has announced the listing of Arbitrum (ARB) on its platform. The official token claiming for ARB is estimated to be live at the Ethereum block height of #16890400 around 2023-03-23 12:30 (UTC). Once live, users can deposit ARB in preparation for trading.

Spot trading for the new ARB/BTC and ARB/USDT trading pairs is tentatively set to open on 2023-03-23 17:00 (UTC), with withdrawals tentatively set to open on 2023-03-24 at 17:00 (UTC). It is important to note that the withdrawal available time is an estimated time for users’ reference, and users can view the actual status of withdrawals on the withdrawal page.

In addition to the spot trading pairs, Binance will add ARB as a new borrowable asset with a new margin pair on Isolated Margin, within 48 hours from 2023-03-23 at 17:00 (UTC). Users can refer to Margin Data for further information on specific limits and rates.

Arbitrum is a Layer 2 scaling solution project for Ethereum that supports Ethereum applications, utilizing optimistic roll-up technology to group batches of transactions and save on gas fees. As the native governance token of Arbitrum, ARB will play a significant role in the platform’s governance.

According to the Arbitrum Foundation, ARB will mark Arbitrum’s official transition into a decentralized autonomous organization (DAO), which means that ARB holders will be able to vote on key decisions governing One and Nova – networks that allow users to transact on the Ethereum blockchain at faster and lower fees.

With the introduction of ARB on Binance, users can benefit from the platform’s liquidity and trading services and participate in the Arbitrum platform’s governance.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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