Ethereum

Token

Arbitrum

Polygon

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/robinhood-wallet-announces-collaboration-with-arbitrum-for-token-swaps-2/" data-wpel-link="internal">Robinhood Wallet Announces Collaboration with Arbitrum for Token Swaps</a><br></p>
<p style="text-align: justify">When it comes to cryptocurrencies, alongside exchanges like <a href="https://en.coin-turk.com/binance-web3-wallet-integrates-bitcoin-and-4-altcoins/" data-wpel-link="internal">Binance</a> and Coinbase, the Robinhood exchange, known for its significant DOGE movements recently, has experienced a major development with its Robinhood Wallet.</p> 
<h2 style="text-align: justify" id="partnership-with-arbitrum-announced">Partnership with Arbitrum Announced</h2> 
<p style="text-align: justify">Robinhood Wallet has announced a partnership to enable token swaps through Arbitrum, the largest Ethereum Layer-2 project by locked total value (TVL) as of the time of writing.</p> 
<p style="text-align: justify">In a statement made by Robinhood Wallet officials on Thursday, they said:</p> 
<blockquote> 
 <p>By accessing Arbitrum’s advanced scaling solutions, Robinhood Wallet users can now benefit from low transaction costs and high transaction speeds on one of the most popular networks in the crypto ecosystem.</p> 
</blockquote> 
<p style="text-align: justify">According to Johann Kerbrat, the general manager of Robinhood <a href="https://en.coin-turk.com/bitcoin-price-analysis-whats-next-for-btc/" data-wpel-link="internal">Crypto</a>, there has been a beta version of Arbitrum swaps for “a few weeks,” and as of today, it has started operating publicly. Token swap refers to the direct exchange of one token for another without the need to convert it into fiat currency first.</p> 
<p style="text-align: justify">According to the announcement on the Robinhood Wallet website, the service also supports the Ethereum and Polygon networks for swaps through decentralized exchange aggregators 0x API and LI.FI. The website states that the wallet does not charge a service fee for token swaps.</p> 
<p style="text-align: justify">Data provided by L2Beat shows that Arbitrum’s smart contracts have over $14 billion in locked value. The fact that ARB, which has been frequently mentioned recently, has more locked value than the total of its closest competitors OP, Manta, Starknet, and Base, brings to mind the possibility of dominating the market.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-321410" src="https://coin-turk.com/wp-content/uploads/2024/02/tvl-layer-2coin-turk-com.jpg" alt="" width="1178" height="347"></p> 
<h2 style="text-align: justify" id="about-robinhood-wallet">About Robinhood Wallet</h2> 
<p style="text-align: justify">Robinhood Wallet, which started operations about a year ago, currently serves on iOS. The Android wallet is still in beta and offers an open waiting list for registration. According to Kerbrat, the wallet is expected to be officially launched in the coming months.</p> 
<p style="text-align: justify">According to the website, the wallet supports sending and receiving crypto on networks such as Ethereum, <a href="https://en.coin-turk.com/bitcoins-velocity-indicator-hits-historic-lows-a-signal-for-long-term-holding/" data-wpel-link="internal">Bitcoin</a>, Dogecoin, Arbitrum, Polygon, Optimism, and Base.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/robinhood-wallet-announces-collaboration-with-arbitrum-for-token-swaps-2/" data-wpel-link="internal">Robinhood Wallet Announces Collaboration with Arbitrum for Token Swaps</a></h5>

Robinhood Wallet Announces Collaboration with Arbitrum for Token Swaps

Table of Contents

COINTURK NEWS

Other articles published on Feb 29, 2024

Karnataka Government Partners with World Economic Forum to Establish AI Centre

Whale Trading Prompts Meme Coin Market Movement

Coinbase Glitch Wipes Out $100 Billion in Bitcoin Wealth in Under 60 Minutes

Key Reason Why Bitcoin Surged Above $60,000, Ripple Faces New SEC Deadline Extension Request, Coi...

BlackRock Brazil Initiates Fund Mimicking US Bitcoin ETF with Depositary Receipts

Bonk- Pepe and SHIB Surge: What Comes Next for BONK?

Join our free newsletter for daily crypto updates!