30.06.2025 08:28

Speculation of a partnership between Arbitrum, an Ethereum layer-2 scaling solution, and Robinhood, a prominent US trading platform, sent the ARB token soaring. A 17% surge in ARB's price occurred over a single day, fueled by anticipation surrounding a Monday announcement.

The buzz began with a Robinhood post on X (formerly Twitter), teasing a fireside chat featuring Vitalik Buterin, Ethereum co-founder; Johann Kerbrat, Robinhood Crypto's general manager; and A.J. Warner, chief strategy officer at Offchain Labs, Arbitrum's developer. This discussion, part of a Robinhood Europe event in Cannes, was billed as revealing the company's "biggest crypto announcements of the year," significantly escalating expectations.

This excitement builds upon earlier reports. A Bloomberg article from May 8th revealed Robinhood's exploration of a blockchain platform to facilitate US stock trading for European clients, with Arbitrum and Solana as potential partners. While those talks were described as incomplete at the time, recent developments have led many to believe a deal with Arbitrum is imminent. Comments from individuals like former Ethereum core developer Eric Connor and Omar Kanji, a partner at Dragonfly, a venture capital firm, further fueled this speculation, suggesting a Robinhood blockchain announcement was highly probable.

The ARB token's dramatic price increase reflects this heightened market sentiment. Climbing from approximately 31 cents to an intraday peak of 38.6 cents within eight hours, ARB showcased the market's enthusiastic response to the partnership rumors. According to CoinGecko, this 17.1% jump in the last 24 hours made Arbitrum the top-performing cryptocurrency. The information used for this report was obtained from internet sources.