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.
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.