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Coinbase to Lists ARB Ahead of Airdrop, Joining Other Major Exchanges

Coinbase to Lists ARB Ahead of Airdrop, Joining Other Major Exchanges

Coinbase, a leading cryptocurrency exchange in the US, has included ARB, a crypto asset from Arbitrum, a scaling solution on Ethereum (ETH), in its listing roadmap.

This move is in anticipation of the token’s airdrop that is scheduled for March 23rd. ARB is a layer-2 altcoin that is set to be governed by a self-executing decentralized autonomous organization (DAO), as announced by the project’s developers.

Arbitrum officials created a special points system that considers various metrics to determine which users will receive the crypto assets.

Coinbase established the listing roadmap to enhance transparency and avoid front-running their listing announcements. Other major exchanges such as Binance, MEXC, Huobi, Bybit, and Bitrue have also expressed their intent to list ARB.

READ MORE: Bitcoin: Is the Market Overbought or Just Getting Started?

Arbitrum is currently ranked fourth among all chains in terms of total value locked (TVL) with $1.99 billion, following Ethereum, Tron (TRX), and BNB Smart Chain, as reported by the decentralized finance tracker DeFi Llama.

The TVL of a blockchain represents the total capital held within its smart contracts. It is calculated by multiplying the amount of collateral locked into the network by the current value of the assets.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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