Exchange News- The ARB governance token would facilitate the migration of Arbitrum to a DAO model.
- It will give token holders a voice in the running of Arbitrum One and Arbitrum Nova.
Binance, a cryptocurrency exchange, has announced the trading of the Arbitrum (ARB) token in the pairings ARB/BTC and ARB/USDT. With withdrawals commencing on March 24 at 17:00 UTC.
Moreover, cryptocurrency derivatives exchange BitMEX has now released Arbitrum (ARB) futures that are margined in USDT, just in time for the much-anticipated Arbitrum airdrop on March 23.
The Arbitrum Foundation has said that the ARB governance token would facilitate the migration of Arbitrum to a decentralized autonomous organization model. Thus, giving token holders a voice in the running of Arbitrum One and Arbitrum Nova.
BitMEX has introduced a new USDT-margined Arbitrum (ARB) futures contract (named ARBUSDTM23), as stated in an official blog post on March 20. Starting on March 20 at 3:00 UTC, this futures contract will let users obtain exposure to the much-anticipated Arbitrum (ARB) token.
More Exchanges to Follow
With up to 20x leverage, BitMEX has now announced on Twitter that its new Arbitrum (ARB) futures listing is live. And customers may now long or short ARB-USDT. The crypto community, meanwhile, is discussing what the listing price of ARB will be on crypto exchanges after the airdrop.
BitMEX claims that the ARBUSDTM23 operates in a way that is comparable to yet distinct from a standard futures contract. Mark method is set as the latest price, hourly limit up and limit down at 20% of mark price, and auto deleveraging are the distinguishing features of the ARB futures listing compared to other futures contracts.
Huobi Global, MEXC Global, Bitrue, Bybit, CoinW Exchange, and Biconomy are just some of the exchanges that have already declared they would be offering the token.
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Source: https://thenewscrypto.com/crypto-exchange-binance-announces-listing-of-arbitrum-arb-token/