Arbitrum jumps 17% on speculation of partnership with Robinhood

Speculation has been growing of a potential tie-up between Arbitrum and Robinhood Markets after an X post.

The token for the Ethereum layer-2 blockchain, Arbitrum, gained 17% over the day amid speculation that the network will announce a partnership with US trading platform Robinhood Markets Inc. on Monday.

Robinhood posted to X on Sunday that Ethereum co-founder Vitalik Buterin, Robinhood Crypto general manager Johann Kerbrat, and A.J. Warner, the chief strategy officer at Offchain Labs — which created and develops Arbitrum — would come together for a fireside chat on Monday.

The chat will take place at a Robinhood Europe-hosted event in Cannes, France, which the firm markets as unveiling its “biggest crypto announcements of the year.”

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