Online stock and crypto brokerage firm Robinhood has teamed up with the management team of the Ethereum-based layer-2 network Arbitrum to give its wallet users access to swaps on the protocol.
According to a release seen by CryptoPotato, the duo announced the alliance on February 29 at the ETHDenver 2024 event in Colorado, saying the collaboration would simplify the path to layer-2 networks.
Robinhood Wallet Taps Arbitrum for Coin Swaps
Robinhood Wallet users will be able to leverage low costs and fast transaction speeds on Arbitrum’s scaling solutions. The teams are working toward supporting access to cross-chain swaps in the coming months.
Johann Kerbrat, general manager of Robinhood Crypto, commented on the development: “Ethereum gas fees are an essential part of securing the network, but these same fees can hinder adoption. Layer 2s like Arbitrum, which is currently the leading chain by total-locked value, help solve this problem for our users.
Accessing and transacting on L2s
We współpracy z: https://cryptopotato.com/robinhood-wallet-gives-users-access-to-swaps-on-arbitrum/
