The price of Arbitrum (ARB) surged by 9% earlier this Wednesday after the token got listed on Robinhood.
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It has joined a slew of other tokens, such as XRP, Shiba Inu (SHIB), and Bonk (BONK), on the popular trading platform.
The governance token of the popular Ethereum layer-2 platform is currently trading at $0.42 after giving up some of its most recent gains. It is still down by roughly 11% over the past two weeks.
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As reported by U.Today, Robinhood logged a 700% year-over-year spike in cryptocurrency revenue.
Last month, the SEC also dropped its probe into Robinhood's cryptocurrency unit.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team