While the hype for the Arbitrum airdrop is still ongoing, many exchanges in the market have continued to support the Arbitrum blockchain. Earlier today, Margex exchange, a cryptocurrency trading platform became one of the first crypto trading platforms in the market to allow deposits and withdrawals of Arbitrum token (ARB).
Arbitrum is a layer 2 scaling solution built on top of the Ethereum blockchain in order to enable fast and low-cost transactions. Since its testnet days, the platform has gained a lot of attention in the crypto community due to its ability to handle large volumes of transactions while maintaining the security and decentralization of the Ethereum network.
Margex Enables Arbitrum
According to the announcement, Margex users and other traders who were eligible to receive the ARB airdrop can now deposit their tokens to their Margex account for trading with up to 100x leverage. “We are delighted to support the Arbitrum network and enable our users to trade with leverage using their Arbitrum tokens,” said a spokesperson for Margex.
“We believe that the Arbitrum network has the potential to transform the crypto industry, and we are excited to be a part of its growth,” the spokesperson added. Furthermore, per the announcement, Margex’s latest support for Arbitrum is a result of the company’s ongoing effort to be a part of the latest technology in the crypto sector.
Meanwhile, Margex is not the only platform enabling support for Arbitrum. On Wednesday, KyberSwap, a leading decentralized exchange (DEX) aggregator and liquidity platform announced its first-ever $ARB token liquidity pools, liquidity mining, and trading campaigns on Arbitrum.