- ARB trading volume surged 10% after Robinhood listing, reaching $400 million in 24 hours.
- Arbitrum’s circulating supply grew from 1.5B to 4.4B, impacting its market performance.
- Robinhood expands crypto offerings with ARB, XRP, SHIB, and BONK to attract more traders.
The native token of Ethereum layer-2 scaling network Arbitrum (ARB) experienced substantial price growth after Robinhood trading platform added its listing. ARB experienced a 12 percent price jump which pushed its value to $0.42 after it fell to $0.35 throughout the week prior to listing. ARBitrum token prices jumped by 12% in value while trading volume surged above $400 million in just 24 hours due to this price rise.
ARB token valuation increased with the growing demand from users as Robinhood launches new cryptocurrency services. Despite the increasing positive trends the token shows underperformance compared to past elevated levels. The price of ARB currently sits at 18.2% below its all-time high which reached $2.41 during 2024.
Robinhood’s Expansion into Cryptocurrencies
Robinhood has been actively expanding its cryptocurrency offerings as part of its strategy to increase market share. The platform’s recent listing of Arbitrum comes on the heels of its increasing interest in adding more digital assets to attract traders. Along with ARB, tokens like XRP, Shiba Inu (SHIB), and Bonk (BONK) were also listed on the platform, with all experiencing price increases ranging from 4.5% to 7%.
Through its partnership with CME Group Robinhood enables customers to trade Bitcoin futures and Ether futures contracts. The platform enables U.S. retail traders to explore a broader selection of crypto products because of this partnership. The cryptocurrency division of Robinhood reported substantial revenue growth reaching $358 million in Q4 2024 with a 700% increase year-over-year.
The platform implements these moves because it wants to build a stronger role in the modern digital asset market. Robinhood plans to provide wider cryptocurrency investment options in addition to accessibility improvements for upcoming customers who seek cryptocurrency investments.
ARB Price Performance and Market Conditions
The cryptocurrency token ARB maintains ongoing issues despite experiencing recent market appreciation. Recent significant growth in Arbitrum token supply caused adverse consequences on its market value. ARB’s circulating supply grew substantially from 1.5 billion in March 2024 to 4.4 billion which stabilized its market capitalization though it failed to trigger any price growth.
The Total Value Locked (TVL) of Arbitrum currently shows stability by registering an increase up to $2.8 billion since November 2024 when it was at $2.5 billion. ARB’s price has remained stagnant despite stable network usage because neither factor has restored the earlier peak levels. After the selection of Robinhood stock on their trading platform the price and transaction volume increased indicating growing investor positivity yet this recent uptick might not maintain its current trajectory.