We’re excited to announce that Crypto.com App now supports deposits and withdrawals on the Arbitrum network.
What is Arbitrum?
Arbitrum is a Layer 2 protocol that uses a variation of Ethereum’s popular scaling solution known as “optimistic rollup”. It is designed by Offchain Labs to reduce the costs and latency of decentralized applications (dApps) for users and developers. Through a unique combination of incentives, network protocol design, and virtual machine architecture, Arbitrum smart contracts can improve speed, privacy and security while drastically reducing transaction fees.
Crypto.com App Users can now enjoy faster, cheaper and safer transfers for UNI, LINK, SUSHI and WBTC via Abitrum. Look out for more to come.