Trading platform Robinhood (NASDAQ: HOOD) on Thursday announced plans to integrate Arbitrum (CRYPTO: ARB), a leading layer-2 Ethereum (CRYPTO: ETH) blockchain, into its Robinhood Wallet.
What Happened: The collaboration aims to facilitate easier and more efficient crypto swaps for its users and represents a bridge between traditional financial platforms and the burgeoning world of decentralized finance (DeFi).
Arbitrum, known for its efficiency and lower transaction costs compared to Ethereum's mainnet, stands at the forefront of DeFi innovation with a total value locked (TVL) of approximately $3.2 billion, Coindesk ...