Coin Journal learns that Bybit has integrated the Arbitrum mainnet. This is Bybit, one of most dynamically growing cryptocurrency exchanges.
This integration allows exchange users to deposit and withdraw in Ether (ETH), Tether(USDT), and USD Coin (USDC), on the Arbitrum network starting Jan. 27th.
Arbitrum eases congestion on Ethereum
Arbitrum seeks to reduce congestion on Ethereum mainnet. The Ethereum Layer 2 L2 scaling solution is one the first positive rollups to achieve this goal.
Arbitrum makes transactions cheaper on Ethereum. Arbitrum performs off-chain operations and sends the results to the mainnet for proof.
Heradling the next stage of trading
Bybit users can enjoy trustless security, rooted in the Ethereum blockchain, as an L2 such as Arbitrum that allows anyone to guarantee correct results. That’s not all. Other advantages include Arbitrum’s low gas fees, speed, and rapid throughput.
Liquid, reliable and stable exchange
Bybit is a trusted, stable, and user-friendly cryptocurrency exchange that has also the highest liquidity. It boasts a 99.99% up-rate all year with no overload and no downtime.
Ben Zhou is co-founder and CEO at Bybit.
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.
BitDAO’s Treasury is $134M Contributed by Bybit
Similar news: Bitdao.io received funding from Bybit in the amount $134 Million in Ether and Tether.
According to the exchange’s tweet, this is equivalent to 2.5bps in futures trading volume between Dec. 1 and 31 of last year. The exchange also promised to make regular contributions.
About Bybit
Bybit is a cryptocurrency trading platform that was founded in March 2018. It is a professional platform that allows crypto traders to find an extremely fast matching engine, great customer service and support from a multilingual community.
The company offers innovative online spot and derivatives trading, mining and stake products, as well as API support for retail and institutional clients all over the globe.
