Binance, the well-known cryptocurrency exchange, has exciting news for traders. On Friday, April 14 at 11:00 Moscow time, Binance will introduce a new trading pair, ARB/RUB.
This announcement comes after the Arbitrum Foundation declared the release of the ARB token in March, followed by Binance’s decision to list the token a few days later.
According to reports, the Arbitrum project intends to distribute 10 billion tokens. Out of these, approximately 12% will be allocated to users of the Arbitrum protocol.
The project, which operates on the Ethereum blockchain, offers two networks: Arbitrum One and Arbitrum Nova.
The former network is known for its high level of dependability in DeFi protocols, though it has slower transaction speeds and relatively high fees.
In contrast, the latter network is best suited for gaming and social applications since it has minimal commissions and high transaction speed.
It is worth noting that Huobi, another crypto exchange, also disclosed the listing of the ARB token in March. This news implies that ARB has been gaining significant traction in the crypto community.