An Ethereum (ETH) Layer-2-scale solution increases after obtaining support from the American retail trade giant Robinhood.
According to Robinhood, the ETH Layer-2 arbitrum (ARB) is now available To be purchased, sold and traded through the trading platform.
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News about the addition sent ARB collection of a price of $ 0.374 on 4 to $ 0.421 a day later. It has been stabilized since then and is traded for $ 0.419 at the time of writing, a profit of 14.5% during the last 24 hours.
ARB joins Robinhood’s Suite of Crypto Products, including Bitcoin (BTC), Ethereum, Cardano (ADA), Solana (SOL), popular memecoins such as Dogecoin (Doge), Pepe (Pepe) and Shiba Inu (Shib) and dozens of others.
Last month the Robinhood was reported that it saw a stunning 8x increase in the income of crypto -traders in Q4 of 2024, so that the competitor and the largest crypto exchange platform in the US were busy.
According to Robinhood’s investment report, the company saw an increase in order -based income on an annual basis of 200%, most of which can be attributed to Crypto.
In February, the US Securities and Exchange Commission (SEC) dropped its research into Robinhood without raising enforcement actions against the company.
As mentioned by Dan Gallagher, the Chief Legal, Compliance and Corporate Affairs Officer of the Robinhood, at the time,
“We welcome the decision of the staff to close this investigation without action. Let me be crystal clear – this investigation had never opened. Robinhood Crypto has and will always respect the federal securities laws and have never allowed transactions in effects.
As we explained to the SEC, every case against Robinhood Crypto would have failed. We appreciate the formal closure of this research and we are happy to see a return to the rule of law and dedication to fairness at the SEC. ”
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Featured image: Shutterstock/Pixelparticle