Tokens for the Etharium layer -2 blockchain, arbitrum received 17% a day amid speculation that the network would announce a partnership with US trading platform Robinhood Markets Inc. on Monday.
Robinhood on Sunday posted X that atherium co-founder Vitallic Butterin, Robinhood Crypto general manager Johan Kerbrate, and AJ Warner, Chief Strategy Officer at Offchen Labs-will come together for a firecorn chat-that conversion and develops that-on-Monday.
The chat would be at the Europe-Hosted event, a Robinhood in Ear, France, which the firm unveiled its “biggest crypto announcements of the year”.
Robinhood talks with mediator, Solana leaked in May
Speculation around a tie-up with Robinhood and Arbitrum follows Bloomberg’s report on 8 May that Robinhood was developing a blockchain platform to allow European investors to trade American shares.
Arbitrum and Solana were allegedly blockchain for partnership, but negotiations were on and was not finalized at that time.
“Looks like Robinhood chose Arbitum,” was written by former Etharium Core Dev Eric Connor.
“Pure speculation, but IMO [in my opinion] Ethereum + Prittrem + Rh means only one thing. Robinhood is going to announce his series tomorrow, ”Omar Kanji said, Participated in Venture Firm Dragonfly.
Arbitrum received 17% profit on rumor of Robinhood Partnership
According to Koingco, medieval (ARB) tokens have increased by 17.1% to trade more than 36 cents in the last 24 hours, and the Crypto market has the biggest advantage.
At the time of Robinhood’s X post, ARB climbed from about 31 cents to hit the Intrade High of 38.6 cents at UTC at 10:30 pm on Sunday at 10:30 pm.
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The token is still about 50% below this year and has lost 85% of its value since the peak high level of $ 2.39 in January 2024.
Robinhood shares overnight
Robinhood Markets (Hood) shares also saw a lift overnight amid speculation, as traders are growing rapidly on the expected announcements of the stage on Monday.
According to 24 -hour markets on its platform of rival Etoro and Robinhood, the hood is about 1.65% in overnight trading after closing the trading at $ 83.03 on Friday.
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