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Four Major Crypto Exchanges Announce Plans to List Arbitrum’s Upcoming Crypto Asset ARB

Four Major Crypto Exchanges Announce Plans to List Arbitrum’s Upcoming Crypto Asset ARB

At least four major crypto exchanges have revealed their plans to list ARB, the upcoming crypto asset from Arbitrum.

The exchanges, MEXC, Huobi, Bybit, and Bitrue, will all list ARB on March 23rd, which is also the date of the token’s airdrop.

In a blog post this week, Arbitrum developers announced the airdrop. They shared the protocol’s upcoming plans to become a self-executing DAO. To determine which users will receive the crypto assets, the developers created a unique points system that considers various metrics.

Arbitrum is currently ranked fourth among all chains regarding total value locked (TVL), with $1.77 billion, following Ethereum, Tron, and BNB Smart Chain, according to DeFi Llama, a decentralized finance tracker.

READ MORE: SVB Financial Group Files for Bankruptcy as Bitcoin Soars 40% in a Week

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

The addition of ARB to the aforementioned exchanges could result in an increase in trading volume and liquidity for the token, as well as attract more users to the Arbitrum network.

Andrey Kunev

Reporter at CoinsPress

Andrey Kunev is a knowledgeable cryptocurrency content creator passionate about the crypto market. With extensive experience in market analysis and investment reporting, Andrey is a valuable asset to the CoinsPress team. As a frequent contributor, he offers insightful and comprehensive coverage of market trends, price fluctuations, and new advancements in cryptocurrency. Whether you're a seasoned investor or just getting started, Andrey's clear and concise writing offers a comprehensive look at the current state of the crypto market and its prospects. Stay up-to-date with CoinsPress's expert analysis and commentary on all things cryptocurrency.

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