The Ethereum (ETHAfter receiving support from US retail trade giant Robinhood, layer-2 scaling is on the rise.
Robinhood argues that the ETH layer-2 Arbitrum is (ARBThe ” is no longer in use available To be purchased, sold and traded on the trading platform.
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ARB’s price jumped from $0.374 to $0.421 in a single day after the announcement. Since then, it has stabilized at $0.419 and currently trades for a 14.5% increase in the past 24 hours.
ARB’s Crypto Products, including Bitcoin (BTCCardano, Ethereum (ADA), Solana (SOLDogecoin is one of the most popular memecoins.DOGEPepePEPEShiba Inu.SHIB( ) and many others.
The last month was Robinhood It was reported that Coinbase, which is its biggest competitor in the US, saw their crypto trading revenue increase by 8x in the Q4 of 2024.
Robinhood’s Investment Report shows that transaction revenues increased by 200% over the past year, with the majority of the increase attributable to cryptocurrency.
The U.S. Securities and Exchange Commission – SEC – released its February 2019 report. dropped Its investigation of Robinhood was conducted without any enforcement action against the company.
Dan Gallagher stated at that time as the Chief Legal, Compliance, and Corporate Affairs Officer of Robinhood.
“We applaud your decision to shut down this investigation and take no further action. Let me be crystal clear – this investigation never should have been opened. Robinhood Crypto respects federal securities law and has never permitted transactions in securities.
The SEC was informed that Robinhood Crypto’s case would not have succeeded. “We are pleased to have this case closed and to be able to return the SEC to its commitment to justice and the rule of the law.”
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