SINGAPORE - Media OutReach - 27 January 2022 - Bybit, one of the world's fastest growing cryptocurrency exchanges, has completed the integration of the Arbitrum mainnet. With this integration, Bybit users can now deposit and withdraw Ether (ETH), Tether (USDT) and USD Coin (USDC) on the Arbitrum network from Jan. 27 onwards.
What is Arbitrum?
Arbitrum is an Ethereum Layer 2 (L2) scaling solution and one of the first optimistic rollups that seek to relieve congestion on the Ethereum mainnet. Arbitrum makes transactions on Ethereum cheaper by performing operations off-chain and posting the results to the mainnet to secure proof.
The Next Level of Trading: Bringing the Trifecta of Security, Scalability & Low Cost
Bybit users will enjoy trustless security rooted on the Ethereum blockchain where anyone can ensure the correct results of a L2 like Arbitrum. They will also benefit from Arbitrum's speed, low gas fees and rapid throughput.
Bybit has proven itself to be the most reliable, stable and usable cryptocurrency exchange of the bull run, offering the best liquidity. Unique among major exchanges, Bybit experienced a 99.99% up rate throughout the year with no overload nor downtime throughout.
"Arbitrum is a promising and innovative scaling technology that we are excited to bring to Bybit users — with its decentralized, developer-friendly and broad ecosystem support, we continue to offer next level products and services to all crypto lovers," said Ben Zhou, co-founder and CEO of Bybit.
Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class.
For more information please visit: https://www.bybit.com
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The issuer is solely responsible for the content of this announcement.