Arbitrum Token Surges on Speculation of Robinhood Partnership Ahead of Major Crypto Event
Arbitrum’s token surged 17% amid growing speculation of a partnership with Robinhood Markets following a notable announcement on social media.
Arbitrum’s token surged 17% amid growing speculation of a partnership with Robinhood Markets following a notable announcement on social media.
The Ethereum layer-2 blockchain’s token, ARB, rose sharply within 24 hours, trading above $0.36 after Robinhood revealed a forthcoming fireside chat featuring Ethereum co-founder Vitalik Buterin, Robinhood Crypto general manager Johann Kerbrat, and A.J. Warner, chief strategy officer at Offchain Labs, the team behind Arbitrum. This event, hosted by Robinhood Europe in Cannes, France, is billed as the platform’s “biggest crypto announcements of the year”.
The speculation dates back to a May Bloomberg report , which disclosed Robinhood’s plans to develop a blockchain platform designed to enable European investors to trade US stocks. At that time, Arbitrum and Solana were both considered potential blockchain partners, though no final decision had been made. Industry insiders now suggest that Robinhood may have selected Arbitrum for this initiative, hinting at a deeper integration between the trading platform and the Ethereum layer-2 solution.
The ARB token’s price movement reflects market optimism, climbing from approximately $0.31 to an intraday high of nearly $0.39 . Despite this recent gain, the token remains down almost 50% year-to-date and has lost about 85% of its value since its January 2024 peak of $2.39. Robinhood’s shares also experienced a modest increase, trading up 1.65% overnight to $84.26 , indicating investor confidence ahead of the anticipated announcement.
Source: Google Finance
If confirmed, this partnership could mark a significant step for Robinhood in expanding its blockchain offerings in Europe, leveraging Arbitrum’s scalability and Ethereum compatibility to enhance user access to crypto and stock trading. The collaboration aligns with broader trends in which traditional finance platforms are embracing layer-2 solutions to improve transaction efficiency and user experience.
Notably, Robinhood Markets, Inc. has finalized its $200 million acquisition of Bitstamp, a Luxembourg-based cryptocurrency exchange, marking a major step in its global expansion strategy. The deal, paid entirely in cash, brings Robinhood over 50 new licences and registrations, along with access to Bitstamp’s strong institutional client base.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter , LinkedIn , Facebook , Instagram , and CoinMarketCap Community .
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
[Long English Thread] Scroll Co-founder: The Inevitable Path of ZK
"Tether" in 2025: Capital Analysis
Mars Morning News | The first SUI ETF is approved for listing and trading; SEC meeting reveals regulatory differences on tokenization, with traditional finance and the crypto industry holding opposing views
The first SUI ETF is listed, an SEC meeting reveals regulatory disagreements, bitcoin price drops due to employment data, US debt surpasses 30 trillions, and the IMF warns of stablecoin risks. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively improved.
Moore Threads makes its debut with a surge of over 500%! The market value of the first domestic GPU stock once exceeded 300 billions yuan.
On its first day of trading, the "first domestic GPU stock" saw an intraday peak increase of 502.03%, with its total market value once exceeding 300 billions RMB. Market analysis shows that a single lot (500 shares) could earn up to 286,900 RMB at the highest point.
Trending news
MoreCrypto prices
More
