Summary
TLDR: Robinhood announced integration with Layer-2 blockchain Arbitrum, allowing users to access swaps. ARB token value increased by 11% post-announcement. Arbitrum’s TVL has increased to $3.27 billion. Robinhood users show more interest in spot crypto trading over crypto ETFs. Robinhood continues to integrate crypto services into its platform.
Key Points
1. Users of Robinhood Wallet can now access swaps on Arbitrum, a secondary blockchain built on top of Ethereum.
2. Robinhood and Arbitrum will collaborate to enable cross-chain swaps later this year.
3. Arbitrum saw a significant increase in value, with the ARB token rising by over 11% following the announcement, reaching a price of $1.97.