Coinbase to Support Upcoming ARB Token launched by Arbitrum

03/23/2023 01:05 • Daily Digest • 69 views

According to reports, Coinbase, the cryptocurrency exchange, announced that it would support the upcoming native token ARB launched by Arbitrum and trade online on the platform. The announcement states that the USD-ARB trading pair on Coinbase will be launched in stages. The exchange also stated that ARB trading will not be available in some supported jurisdictions, but did not provide any further details. Some users may face delays in depositing on the Arbitrum network, and are currently working to resolve this issue. According to the notice of Coinbase, the contract address of the ARB token Arbitrum network (ERC-20 token) is 0x912CE59144191C1204E64559FE8253a0e49E6548.

Coinbase to launch Arbitrum native token ARB

As per recent reports, Coinbase, one of the major cryptocurrency exchanges, has announced supporting ARB, the native token launched by Arbitrum, for trading online on its platform. ARB is expected to be launched in stages and will be traded against USD on Coinbase. However, the exchange has mentioned that the jurisdictions where ARB trading will be supported have not been specified yet. In addition, some users may experience delays while depositing on the Arbitrum network, which is a matter that Coinbase is currently working to resolve.

What is ARB?

Arbitrum is a Layer-2 scaling platform for Ethereum that allows building smart contracts that scale by default. The platform aims to increase the capacity of Ethereum by up to 100 times, by utilizing an innovative technology called Optimistic Rollups. The launch of ARB by Arbitrum is considered as a major step towards scaling and extending the capabilities of the Ethereum ecosystem.

Coinbase’s Support for ARB

Coinbase’s announcement for supporting the upcoming ARB token will attract a significant amount of attention from both existing and new investors in the cryptocurrency market. Coinbase is one of the leading cryptocurrency exchanges globally, and its support for a new emerging token like ARB is expected to further enhance its credibility in the market.
The availability of ARB trading on Coinbase is expected to increase the token’s liquidity and demand, making it more accessible to a wider audience. As a result, this will further increase the value of the token and also facilitate the growth of the Arbitrum network.

Jurisdictional Restrictions and Delays in Deposit

Although Coinbase has announced its support for ARB trading, the exchange has made it clear that ARB trading will not be available in some supported jurisdictions. However, the details regarding these jurisdictions have not been mentioned.
Additionally, Coinbase has also mentioned that some users may face delays while depositing on the Arbitrum network. This issue is currently being addressed by Coinbase, and it is expected that this will be resolved soon. Therefore, users are advised to remain patient and keep track of Coinbase’s updates.

Conclusion

Coinbase’s support for ARB will be a significant boost to the growth of the Arbitrum network. The availability of ARB trading on Coinbase will increase its demand and will increase its value. Coinbase’s focus on enhancing user experience and ensuring the quick resolution of any issues related to ARB trading and depositing will be appreciated by investors.

FAQs

1. What is the ARB token?
The ARB token is the native token launched by Arbitrum, a Layer-2 scaling platform for Ethereum.
2. When will ARB trading be available on Coinbase?
ARB trading will be launched in stages, and no specific timeline has been outlined yet.
3. What should ARB investors do if they face delays in depositing on the Arbitrum network?
Users who experience delays in depositing on the Arbitrum network are advised to remain patient, as Coinbase is currently working to resolve this issue.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/daily/9812.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.