The token for the Ethereum Layer-2 Blockchain, Arbitrum, gained 17% on the sun in the midst of speculation that the network would announce a partnership with the US Robinhood Markets Inc. Trading Platform. on Monday.
Robinhood Na -Post to X on Sunday that Ethereum co-founder Vitalik ButerinRobinhood Crypto General Manager Johann Kerbrat, and AJ Warner, the chief officer of the Offchain Labs strategy – who created and develops Arbitrator – Includes -So for a fireside chat on Monday.
Chat will take place at an event hosted in Europe in Cannes, France, which is the firm market as unveiling the “largest crypto announcements of the year.”
Talking to Robinhood with Arbitrum, Solana leaks in May
The imagination around a tie-up with Robinhood and Arbitrum follows a May 8 Bloomberg Report That Robinhood generates a blockchain platform to allow European investors to exchange US stocks.
Arbitrum and Solana are the blockchains that have been reported to be considered for partnership, but the conversations are ongoing and unfinished at that time.
“Robinhood seems to have chosen Arbitrum,” formerly Ethereum Core Dev Eric Connor write In X.
“Pure speculation, but IMO (in my opinion) Ethereum + Arbitrum + RH means just one thing. Robinhood to express its chain tomorrow,” Says Omar Kanji, venture firm Dragonfly.
Arbitrum gets 17% in Robinhood Partnership Rumor
The arbitrator (Arb) The token gained 17.1% in the last 24 hours to trade over 36 cents, and this is the biggest crypto market gainer on the last day, According to In coingecko.
The ARB climbed from around 31 cents during Robinhood’s X Post to hit an intraday high of 38.6 cents eight hours later at 10:30 pm UTC on Sunday.
Related: Gemini launches tokenized Michael Saylor’s Strategy Stock for EU investors
The token has just dropped almost 50% to this year and has lost 85% of its value since the peak of $ 2.39 in January 2024.
Robinhood shares overnight
Shares in Robinhood Markets (Hood) also saw a lifting overnight in the middle of the speculation, because entrepreneurs seemed to be bullish in expected announcements The platform will work on Monday.
The hood reached around 1.65% in overnight trading at $ 84.26 after closing the trade on Friday at $ 83.03, according to 24-hour markets In rival ethoro and robinhaloy’s own Platform.
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