BitGo is pleased to announce support for ARB, the native ERC-20 governance token for Arbitrum. Clients can now custody ARB in Hot, Custodial, and Self-Managed Cold wallets.

What is Arbitrum?

Arbitrum is a Layer 2 (L2) technology designed to enhance scaling solutions by empowering users to explore and build in the largest Layer 1 ecosystem, Ethereum. Its L2 scaling solution is tailored for Ethereum, amplifying the network’s capacities through accelerated transaction speeds, bolstering scalability, and integrating privacy functionalities.

According to Arbitrum, the main objective of the blockchain is to tackle Ethereum’s smart contract constraints, such as inefficient performance and exorbitant execution expenses, which have impeded the overall user experience on the platform.

What sets Arbitrum apart?

Designed to empower builders, Arbitrum Rollup allows developers to migrate smart contracts from Ethereum to L2 with minimal or no modifications. Its suite of L2 scaling technologies, inclusive of optimistic Rollups, enables Ethereum smart contracts to expand their scalability by communicating with other smart contracts both on the Ethereum mainchain and within the Arbitrum second layer.

As an optimistic Rollup for Ethereum, it powers high-throughput and low-cost decentralized applications (dApps). Additionally, it uses Arbitrum Rollups to bundle hundreds of transactions into one and offload traffic from the ETH mainnet onto the L2 chains. This is important as ETH still faces some limitations. This solution increases the throughput of the Ethereum network while maintaining its security and decentralization properties. As a result, dApps become more usable and scalable by reducing transaction costs and increasing throughput.

Does this launch include other tokens?

With the launch of native ERC-20 token ARB, we’ve also added support for more tokens, including:

Arbitrum

  • Arbitrum Ethereum (Arbeth): Bridged ether tokens on Arbitrum

  • ChainLink (Arbeth:Link)

  • USDC: Can be added to Arbeth wallet

  • USDT: Can be added to Arbeth wallet

Get started today

On the BitGo platform, builders and investors can now use and create fast, safe, and user-friendly services for ARB.

Click here to learn more about availability.

Interested in building with ARB? Review our developer docs.

About BitGo

BitGo is the leading infrastructure provider of digital asset solutions, offering custody, wallets, staking, trading, financing and settlement out of regulated cold storage. Founded in 2013, BitGo is the first digital asset company to focus exclusively on serving institutional clients. BitGo is dedicated to advancing a digital financial services economy that is borderless and accessible 24/7. With multiple Trust companies around the world, BitGo is the preferred security and operational backbone for more than 1,500 institutional clients in 50 countries, including many of the world’s top brands, cryptocurrency exchanges and platforms. BitGo also secures approximately 20% of all on-chain Bitcoin transactions by value and is the largest independent digital asset custodian. For more information, please visit www.bitgo.com.


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