BTSE will add Arbitrum (ARB) and Arbitrum Perpetual Futures Contracts (ARBPFC) on its platform on Tuesday, March 28, 2023, adding to its users’ selection of quality digital assets. Additionally, ARB and ARBPFC will be listed on BTSE’s wider ecosystem of 10+ white-label crypto exchanges, enabling better liquidity and pricing. Users will be able to trade ARB via the ARB/USDT and ARB/USDC trading pairs.
Key Dates
1. Deposits and withdrawals enabled: effective immediately (supported network: Arbitrum)
2. Trading enabled: 8:00 AM (UTC) on March 28, 2023
About Arbitrum (ARB)
Market Cap: $1,451,182,846
Total Supply: 10,000,000,000
Circulating Supply: 1,275,000,000 ARB
Arbitrum is an innovative Ethereum layer-two (L2) scaling solution which leverages optimistic rollups to enhance the speed, scalability, and cost-efficiency of the Ethereum network. By transferring the majority of computation and storage off-chain, Arbitrum ensures heightened throughput and reduced fees while maintaining the security and compatibility advantages of Ethereum.
The native token of Arbitrum, ARB, serves a governance function. Offchain Labs, the development team behind Arbitrum, recently transitioned to a decentralized autonomous organization (DAO) structure known as the Arbitrum DAO. ARB holders can actively vote on proposals that influence the platform’s features, protocol upgrades, fund allocation, and the election of a Security Council.
In 2023, Arbitrum has set forth an ambitious roadmap, which comprises: the launch of its layer-three solution, Orbit; the introduction of Stylus, which allows developers to deploy programs written in widely-used programming languages such as Rust and C++; the expansion of its validator set to incorporate more independent institutional validators; and the migration of its protocol to layer two with Arbitrum One.
On March 16, 2023, Arbitrum unveiled their eagerly awaited ARB airdrop, allocating 12.75% of the total token supply. The airdrop targets early users and DAOs building on the Arbitrum platform. Recipients are determined through a point-based system that accounts for their engagement with the Arbitrum network up until the cutoff date of March 1, 2023.
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