LBank Launches ARB Spot and Futures Trading with Exciting Rewards!

4 min readMar 24, 2023

We are thrilled to announce the listing of ARB (Arbitrum) on LBank! To celebrate this new addition, we have prepared amazing rewards for you to enjoy.

Start trading ARB/USDT and join our New Listing Event for a chance to win big!

Listing Details (Spot)

- Trading Pair: ARB/USDT

- Trading Zone: USD Zone

- Start Deposit: 10:00 on March 20, 2023 (UTC)

- Start Trading: 17:30 on March 23, 2023 (UTC)

- Start Withdrawal: 10:00 on March 25, 2023 (UTC)

Listing Details (Futures)

- Trading Pair: ARB/USDT

- Leverage: 1–50X

- Start Trading: 17:30 on March 23, 2023 (UTC)

New Listing Event: Trade ARB to Share $10,000 ARB

Event Period: March 23, 2023, 17:30 (UTC) — March 31, 2023, 16:00 (UTC)

Participation: Automatically join the event by trading ARB/USDT, no extra sign-up is required.

🔥 Event 1: Welcome Bonus for New Futures Users

Newly registered users who trade ARB futures during the event period with a cumulative trading volume of ≥ 10,000 USDT will receive the Futures Bonus based on when they first trade ARB

- Within 1 day after registration: 40 USDT

- Within 3 days after registration: 30 USDT

- Within 7 days after registration: 10 USDT

🔥 Event 2: ARB Trading Competition — Share $10,000 ARB Airdrop

Trade ARB futures during the event period and earn rewards based on your final ranking in cumulative futures trading volume.

The reward details are as follows:

- Rank 1: $2,500 ARB

- Rank 2: $1,600 ARB

- Rank 3: $900 ARB

- Ranks 4–10: $200 ARB

- Ranks 11–50: Share $3,600 ARB based on their trading volume

🔥 Event 3: Extra $500 Futures Bonus for Large Orders!

Users with a cumulative futures trading volume of ≥ 100,000 USDT during the event period will receive an extra $500 Futures Bonus reward.
This offer is limited to the first 100 participants on a first-come, first-served basis.

Don’t miss out on this fantastic opportunity to trade ARB and win amazing rewards! Start trading ARB/USDT now and be part of the action!

About ARB (Arbitrum)

Arbitrum is a protocol designed to make Ethereum transactions faster and cheaper.

Developers can build user-friendly decentralized apps (dApps) using Arbitrum to leverage the scalability benefits of the Arbitrum Rollup and AnyTrust protocols.

Share of TVL

Arbitrum is an optimistic rollup that has been gaining traction as one of the primary L2 solutions for DeFi.

In a highly competitive rollup environment, Arbitrum has proven to be a major player with a strong community and a plethora of innovative applications. Its TVL stands at $1.8 billion, ranking it fourth among all L1 or L2 networks and claiming a 3.79% share of TVL across all networks.

Dapps

Arbitrum’s growth has been significant over the past year, with its market share likely boosted by the growth of applications such as the perpetual contract trading platform GMX.

By interacting with these Dapps, a certain proportion of liquidity on the network may be used to trace airdrops.

Trading Volume and Users

In terms of trading volume, Arbitrum is outperforming Binance Smart Chain (BSC), with a 24-hour volume of $359.22 million.

Its fourth-quarter average monthly active addresses (MAA) stand at 614,279, growing 81.3% Q/Q and 728.7% Y/Y. L2 is expected to surpass this number in January 2023, with an estimated MAA of 631,633.

Stylus

The surge in users and the growth of liquidity within the Arbitrum ecosystem, along with the growth after the Stylus upgrade, have led to an increase in activity.

Stylus, the general-purpose programming environment, and WASM virtual machine will enable users to deploy programs written in popular programming languages to Arbitrum One and Arbitrum Nova. Stylus empowers web2 developers to write and deploy dApps in Rust, C, C++, and more, side-by-side with existing Solidity dApps on the same Arbitrum blockchain.

Stylus makes the transition to Web3 easier than ever and allows users to leverage existing DeFi Lego and Solidity code libraries without needing to know Solidity. Arbitrum Dapps written in languages like Rust is over an order of magnitude faster than their Solidity and Vyper counterparts.

Stylus slashes fees, enabling a new era of high-compute blockchain applications in a wide range of fields. Moreover, with Stylus, users will be able to create their own precompiles.

LBank’s listing of Arbitrum marks a substantial milestone for both the exchange and the Layer 2 community.

This move showcases LBank’s commitment to granting its users access to cutting-edge blockchain innovations. With the Layer 2 ecosystem experiencing rapid growth, LBank’s support for Arbitrum is set to drive even greater progress within the DeFi sector.

Enjoy trading ARB and exploring the remarkable opportunities it offers!

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