Blockchain News
Binance Set to List ARB on March 23: Everything You Need to Know
By
Soumen Datta
March 22, 2023
1
MINS
Binance, Poloniex, Huobi, and MEXC are set to list Arbitrum ($ARB) for trading on March 23. Further, $ARB will also be added as a new borrowable asset on Binance’s Isolated Margin on March 25.
Mark Your Calendars: March 23
Binance announced it would list Arbitrum ($ARB) and open trading for ARB/BTC and ARB/USDT on March 23 at 17:00 UTC.
As reported, ARB will be available for trade once the official token claiming happens at the Ethereum block height of 16,890,400, estimated to occur on the same day at 12:30 UTC. Further, ARB withdrawals are tentatively scheduled to open at 17:00 UTC.
Binance will also add ARB as a new borrowable asset on an Isolated Margin on March 25 at 17:00 UTC.
In addition to Binance, other prominent crypto exchanges also announced to list $ARB. Poloniex has announced listing Arbitrum ($ARB) on the day of its airdrop. Deposits for ARB will be accepted 12:00 UTC on March 23, 2023, and ARB/USDT trading will begin on the same day, although the exact time is yet to be announced.
In addition, the token will also be listed on Huobi and MEXC on March 23. On Huobi, Arbitrum tokens will also be able to be traded against USDD, an algorithmic stablecoin from TRON DAO, in addition to USDT.
Additionally, BitMEX announced a futures ARB token on Sunday. Currently, the token is trading at $1.343, up 3.3% in 24 hours.
The most popular L2 network Arbitrum announced last week that it’s launching its ARB token on March 23 and airdropping over 11% of the supply to Arbitrum’s users.
Arbitrum’s Much-Awaited Airdrop
It is expected that the Arbitrum token airdrop will significantly impact the crypto community this year. With $1.75 billion in TVL, Arbitrum ranks fourth among all chains, according to DefiLlama. Furthermore, the TVL on Arbiturm has grown from $1.54 billion at the start of the year to $2.85 billion – an 85% increase. As for volume on decentralized exchanges in the last 24 hours, Arbitrum is second only to Ethereum (ETH), with $924.82 million.
There are less than three days left until ARB’s airdrop, and crypto users speculate about its value. Some predict that $ARB will be valued at $15 after Binance and other exchanges list the coin, which would make $ARB one of the most valuable cryptocurrencies.
What is Arbitrum:
Arbitrum is an Ethereum layer-2 network that enables developers to build and deploy highly scalable smart contracts at low cost. You can use Arbitrum chains to do everything you do on Ethereum — use Web3 apps, deploy smart contracts, etc., but your transactions will be cheaper and faster. The flagship product for the team, Arbitrum Rollup, is an Optimistic roll-up protocol that inherits Ethereum-level security.
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Author
Soumen Datta
Soumen Datta
Soumen is an experienced writer in cryptocurrencies, DeFi, NFTs, and GameFi. He has been analyzing the space for the last several years and believes there is a lot of potential with blockchain technology, even though we are still at an early stage. In his spare time, Soumen enjoys playing his guitar and singing along. Soumen holds bags in BTC, ETH, BNB, MATIC, and ADA.
