Terrace has announced a groundbreaking strategic partnership with Arbitrum. The new partnership enables Terrace to integrate its trading platform with Arbitrum’s layer-2 solution. Terrace users can now interact with various assets on the Arbitrum chain.
Arbitrum is a scalability enhancement layer that aims to make faster and cheaper transactions. On the other hand, Terrace is a trading app that strives to fulfill the needs of institutional investors and crypto users. Â
Terrace provides innovative features like portfolio management, token trading, synthetic pairs, and best-price routing through various blockchain protocols. Customers can decide to use DeFi without KYC requirements on the platform. Or else, they can opt to use an enabled KYC option that allows them to access major market makers, over-the-counter markets, and centralized exchanges.
Simplify trading experience on Terrace
Based on its mission, Terrace strives to become a unified platform for both experienced institutional traders and everyday cryptocurrency users. The growing popularity of DeFi markets has led to high transaction fees in the Ethereum main blockchain.
Therefore, this partnership enables to Terrace integrate with Arbitrum to make its trading platform cheaper and faster for users to seamlessly interact with assets on DeFi markets. With this partnership, Terrace eliminates exorbitant transaction fees and offers instant trading for millions of its mobile users.
This integration enables Terrace to provide its users with a more efficient and seamless trading experience. Transactions on Arbitrum are normally cheaper and faster than on Ethereum. This is essential for investors who require transferring orders rapidly and often.
Arbitrum has a broad ecosystem of DeFi applications and protocols. With this integration, Terrace allows its users to access the Arbitrum ecosystem, enabling them to interact with various assets and dApps.
As Terrace‘s platform broadens and attracts more customers, this integration allows its blockchain network to handle expanded transaction volume. Arbitrum offers scalability that ensures Terrace provides a reliable and rapid trading experience even as its users increase.
Bridging cryptocurrency with traditional finance
Also, this collaboration is a further step in Terrace’s strategy to make use of cryptocurrencies more mainstream. Part of its mission is to make the accessibility of traditional finance and digital assets easier. It has been providing traditional finance and crypto trading services for some significant time. With this alliance, it has proven it is now the time to eliminate major obstacles associated with crypto use: slow network speeds and exorbitant transaction fees.
This integration enables Terrace users to efficiently engage with DeFi in a user-friendly platform and experience a new approach to interacting with traditional financial services. With this collaboration, Arbitrum brings scalability benefits, low-cost gas fees, and seamless trading solutions to Terrace’s millions of users.
Terrace’s integration into Arbitrum is a game-changer. It is set to lower the barriers of entry into the DeFi markets and allow millions of Terrace users to seamlessly participate in the crypto world. To begin interacting with Arbitrum, all users are expected to install a new version of Terrace mobile wallets. From there, they can directly transfer and swap assets in their wallets powered by Arbitrum.
