Categories: Crypto & Market

Good news from Bybit with the Arbitrum Integration

(adsbygoogle = window.adsbygoogle || []).push({});

SINGAPORE – Media OutReach – 28 January 2022Bybit, one of the world’s fastest growing cryptocurrency exchanges, has completed the integration of the Arbitrum mainnet. With this integration, Bybit users can now deposit and withdraw Ether (ETH), Tether (USDT) and USD Coin (USDC) on the Arbitrum network from yesterday onwards.

What is Arbitrum?

Arbitrum is an Ethereum Layer 2 (L2) scaling solution and one of the first optimistic rollups that seek to relieve congestion on the Ethereum mainnet. Arbitrum makes transactions on Ethereum cheaper by performing operations off-chain and posting the results to the mainnet to secure proof.

The Next Level of Trading: Bringing the Trifecta of Security, Scalability & Low Cost

Bybit users will enjoy trustless security rooted on the Ethereum blockchain where anyone can ensure the correct results of a L2 like Arbitrum. They will also benefit from Arbitrum’s speed, low gas fees and rapid throughput.

Bybit has proven itself to be the most reliable, stable and usable cryptocurrency exchange of the bull run, offering the best liquidity. Unique among major exchanges, Bybit experienced a 99.99% up rate throughout the year with no overload nor downtime throughout.

“Arbitrum is a promising and innovative scaling technology that we are excited to bring to Bybit users — with its decentralized, developer-friendly and broad ecosystem support, we continue to offer next level products and services to all crypto lovers,” said Ben Zhou, co-founder and CEO of Bybit.

(adsbygoogle = window.adsbygoogle || []).push({});
(adsbygoogle = window.adsbygoogle || []).push({});

admin

Recent Posts

The Fed Will Now Slow The pace Of Monetary Policy Tightening

Powell's mistake was on full display in June when he linked the acceleration of Fed…

48 mins ago

US Inflation Has Dropped, Reducing Pressure On The Fed

The headline CPI inflation eased more than expected to +8.5%yoy (Jun-22: +9.1%yoy), below market consensus…

15 hours ago

How New Viruses Will Affect the Lives of 10m Americans

Humans and viral pathogens have co-existed for millennia. Some human viruses are gone as quickly…

2 days ago

Sciwind: Good Results In Ecnoglutide Weight Loss Clinical Trial

Sciwind says mean body weight loss of 9.6% and 9.0% in participants receiving 1.8 mg…

3 days ago

Commercial Production Of Lab-Grown Diamonds To Begin In Singapore

With the fire safety certificate issued by Singapore Civil Defence Force, Asian Eco can commence…

4 days ago

Ruicycle Raises Over RMB 300m In New Funding From Series B

Legend Capital's investments in the carbon-neutral field focus on energy decarbonization, vehicle electrification/intelligence, synthetic biology

4 days ago