Exchange News- Major exchanges Binance and Coinbase will list ARB alongside Bybit, Huobi and so on.
- The crypto community predicts Arbitrum price to be less than $1 post-launch.
Coinbase joined the queue of crypto exchanges that support Arbitrum token’s – ARB – listing. On Twitter, the exchange officially announced that will list Arbitrum (ARB) as the new asset listing.
This listing update from Coinbase arrived following Binance’s announcement on Monday. Significantly, the largest crypto exchange Binance hailed its support for Arbitrum (ARB) token pairs. After the airdrop, users will be able to trade the following pairs – ARB/BTC and ARB/USDT.
Arbitrum Token Listing and Price Predictions
The leading crypto exchanges, Binance and Coinbase, confirmed their entry into the list of exchanges that will support the Arbitrum token listing. After the airdrop announcement, several exchanges started declaring their support for ARB listing on Twitter and their official website.
Other exchanges that will soon list Arbitrum token are Bybit, Bitrue, Huobi Global, Poloniex, MEXC, and Bitfinex. Likewise, crypto derivatives platform BitMEX announced the listing of its own ARB token futures.
Ever since the airdrop pre-update, protocols and tokens related to this Ethereum-based L2 network have soared. Notably, Arbitrum-based DEX Camelot attained nearly a TVL of $100 million. As per data from DeFiLlama, Camelot’s TVL surged over 37% since last Friday. Similarly, the speculative asset I Owe You (IOU) token’s price synced with the speculations related to the Arbitrum token airdrop.
Though the hype triggered optimistic scenarios for Arbitrum, traders are victimized by fake scams claiming to be ARB airdrops. As officially stated, the Arbitrum tokens will be airdropped to the community only on March 23.
Analysts and the crypto community raise a new wave of speculations by predicting ARB’s price after the launch. They began drawing similarities with the price valuation of prominent Ethereum-based rollup token Optimism (OP). Based on those, the price ranges predicted for Arbitrum token are $0.5 to $1 and $1 to $2. Interestingly, another prediction that drew major attention is the former Coinbase CTO’s “$1M Bitcoin.”
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Source: https://thenewscrypto.com/coinbase-will-soon-list-arbitrum-arb-token/