Libertex expands Crypto CFD offering with addition of Arbitrum (ARB)
Libertex has announced the expansion of its Crypto CFD offering by adding Arbitrum, the layer-2 scaling solution for Ethereum that runs its own blockchain.
Arbitrum was designed to improve upon the base Ethereum functionality that supports smart contracts, NFTs, and dApps. The digital asset is creating a buzz among crypto and institutional investors in the finance world because of the advantages it offers compared to older crypto solutions, including
Faster transactions – Arbitrum can process 40,000 transactions per second compared to just 14 on Ethereum. This makes it much more capable of upscaling than Ethereum and its competitors.
Lower fees – Due to its highly efficient optimistic rollup technology, transactions that would cost several dollars to complete on Ethereum only cost around two cents on Arbitrum.
Market share – Arbitrum’s appeal is backed up by the numbers. It is the leading layer-2 solution, claiming over 66% of the market in terms of total value locked. There are over 4 million unique Arbitrum addresses and more than 400 Arbitrum dApps, including many popular platforms such as GMX, Uniswap and Camelot.
Developer-friendly – Arbitrum is fully compatible with the Ethereum Virtual Machine (EVM) and popular programming languages. It comes with documentation for developers and doesn’t need any plugins or extras for developing Ethereum-based apps.
Governance functionality – Arbitrum tokens (ARB) will be used for governance within the Arbitrum DAO, granting holders a voice and stake in the future of the project.
Track NFTs in real time – The latest feature to be added to Arbitrum is the ability to receive real-time notifications when an NFT changes addresses, as well as the option to track and follow trends using the Alchemy platform. This makes it especially useful for anyone involved in the NFT marketplace.
Crypto CFD allows users to gain exposure to ARB’s price volatility without holding token itself
As Arbitrum grows in popularity, demand, and utility within the crypto ecosystem, the Crypto CFD offered by Libertex will be available for users looking to gain exposure to Arbitrum’s price volatility without owning the digital asset itself.
Libertex features no commissions, swap, or exchange fees and ultra-low spreads on all crypto CFDs, making it one of the best places to trade crypto CFDs. The range of CFD products available at Libertex includes other asset classes, such as commodities, Forex, ETFs, cryptocurrencies, and others. Libertex also offers investments in real stocks.
Founded in 1997, Libertex Group serves millions of clients from several countries all over the world. In Europe, the Libertex trading platform is operated by Indication Investments Ltd., a Cyprus Investment Firm regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF License number 164/12.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 85.9% of retail investor accounts lose money when trading CFDs with this provider. Tight spreads apply. Please check our spreads on the platform. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
