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Bybit Completes Arbitrum Mainnet Integration, Adds ETH and USDT Deposit and Withdrawal Option

Bybit Completes Arbitrum Mainnet Integration Exchanges
  • Bybit exchange has officially completed integrating the Arbitrum Mainnet.
  • The exchange now supports ETH, USDT, and USDC deposit and withdrawals.
  • Bybit allocated $134 million to bitdao.io.

Bybit exchange announced that it has completed integrating the Arbitrum Mainnet with a huge wave of crypto services. According to a report sent to CoinQuora, this collaboration will allow Bybit users to deposit and withdraw major popular cryptocurrencies including ETH, USDT, and USDC on the Arbitrum network, starting from January 27.  

Bybit exchange will elevate the next level of trading by bringing the true “trifecta” of security, scalability, and low-cost services through this alliance. It will foster a true scalability solution by expanding its user-based portfolio with trustless security on the Ethereum network.

Everyone will be acquainted with high-end Layer 2 solution services the same as what the Arbitrum Mainnet orchestrates. In addition, traders will enjoy a wide range of crypto services mainly from most of Arbitrum’s features such as speed, low gas fees, and fast throughput in the market.

By providing these fintech services under the Arbitrum integration, Bybit describes itself as one of the most reliable, stable, and usable crypto exchanges riding the crypto bull market. The exchange claims it experienced a 99.99% up rate throughput without facing any downtime last year. Bybit exchange Co-Founder and CEO, Ben Zhou expressed his enthusiasm with the Arbitrum integration.

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.

On the other hand, the Bybit exchange announced separately that it is super excited to offer intuitive support to bitdao.io. With this, Bybit has allocated over $134 million in a form of contribution in ETH, USDT, and USDC to BitDAO’s treasury.

The company has promised to give recurring contributions on an open-ended schedule to BitDAO.core

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Karikari Daniel is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.