Coinbase Announces Listing For A New Altcoin

USA’s most popular cryptocurrency exchange Coinbase will airdrop to users tomorrow in its statement. Arbitrum (ARB) altcoin He said he would list it.

Coinbase Becomes The Latest Exchange To List The Much-Awaited Arbitrum (ARB) Altcoin

According to the statement made by the crypto money exchange, Arbitrum trading will start on Thursday, March 23 (Tomorrow). No time was specified in the announcement, and it was stated that the listing would only be implemented if the necessary liquidity conditions were met.

However, Coinbase will list Arbitrum with the label “Experimental”.

The company states what its experimental label is on its official website:

“To be transparent and help clients make informed decisions, we have added the Experimental asset tag to certain tradable assets that are new to our platform or have relatively low trading volume compared to our overall crypto market.

We advise you to be wary of these assets as they carry certain risks, including price fluctuations and canceled orders associated with lower volume and availability.”

The Arbitrum altcoin was among the most anticipated to airdrop among Ethereum layer 2 solutions.

Ethereum layer 2s are secondary networks built on top of the Ethereum blockchain. These are designed to help alleviate the scalability issues faced by the Ethereum network due to high transaction demand and limited transaction volume of the mainnet.

Layer 2 solutions can increase Ethereum’s transaction capacity by processing off-chain transactions and then decoding the final result only on the main Ethereum network. This allows for faster and cheaper transactions while maintaining the security and decentralization of the Ethereum network.

*Not investment advice.

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