
Can ARB Hit a New ATH? Arbitrum Pumps on Potential Robinhood Deal
The cryptocurrency market is abuzz with excitement as rumors swirl around the potential partnership between Arbitrum (ARB) and Robinhood, a prominent online brokerage platform. Following yesterday’s confirmation that Robinhood will host a high-profile “fireside chat” featuring Vitalik Buterin, Ethereum co-founder, Johann Kerbrat, Robinhood Crypto GM, and A.J. Warner, Chief Strategy Officer at Arbitrum, the market is now anticipating an imminent announcement.
The speculation around ARB has already led to a 15% surge in value over the past day, with some investors and institutions seemingly buying into the narrative. At its current price of $0.36, it’s clear that many are not giving up on the possibility of Arbitrum being chosen as Robinhood’s blockchain partner.
While there is no concrete confirmation from either party at this point, ARB has been growing in prominence due to its rapid scalability and user-friendly interface. It would be a significant coup for any platform to secure such an agreement, especially considering the huge potential for growth in the European market.
It’s crucial to note that the current 34% gain within the last week, along with a massive 591% increase in trading volume over 24 hours, indicate a strong possibility of ARB clearing its previous all-time high from January 12, 2024.
Source: www.crypto-news-flash.com