Libertex, the online trading platform for retail and professional traders, has just launched an exciting new underlying asset that offers traders a superb opportunity to trade the future of cryptocurrency – Arbitrum CFDs.
About Arbitrum
Arbitrum is a layer 2 scaling solution for Ethereum that runs its own blockchain. Designed to enhance the core functionality of Ethereum which supports smart contracts, NFTs and dApps, Arbitrum is creating a buzz among crypto and institutional investors in the finance world due to the advantages it offers over old crypto solutions. These include:
- Faster transactions – Arbitrum can process 40,000 transactions per second against only 14 on Ethereum. This makes it much more capable of scaling than Ethereum and its competitors.
- Reduced fees – Due to its highly efficient optimistic accumulation technology, transactions that would cost several dollars to complete on Ethereum would only cost around two cents on Arbitrum.
- Market share – Arbitrum’s call is backed up with numbers. It is the leading Layer 2 solution, claiming over 66% of the market by total value locked. There are over 4 million unique Arbitrum addresses and over 400 Arbitrum dApps, including many popular platforms such as GMX, Uniswap and Camelot.
- Developer Friendly – Arbitrum is fully compatible with the Ethereum Virtual Machine (EVM) and popular programming languages. It comes with developer documentation and does not need any plugins or extras to develop Ethereum-based applications.
- Governance functionality – Arbitrum Tokens (ARB) will be used for governance within the Arbitrum DAO, granting holders a voice and stake in the future of the project.
- Track NFTs in real time – The latest feature added to Arbitrum is the ability to receive real-time notifications when an NFT changes address, as well as the ability to track and follow trends using the Alchemy platform. This makes it particularly useful for anyone involved in the NFT market.
Arbitrum continues to add new features that make it an even bigger player in the crypto world. Traders now have the opportunity to join the exciting journey of this project by trading Arbitrum CFDs with Libertex without the need to purchase or hold the ARB token itself.
Trade for more with Libertex
Recognizing the importance of cryptocurrency as an exciting new industry sector for traders, Libertex offers zero commissions, no swap or exchange fees and ultra-low spreads on all crypto CFDs, making it one of the best places to trade crypto CFDs. To learn more about Libertex, visit libertyex.com or download the mobile app for iOS from the App Store or for Android from Google Play or AppGallery.
Part of the Libertex Group, Libertex is an online broker offering tradable CFDs with underlying assets like commodities, Forex, ETFs, cryptocurrencies and others. Libertex also offers investments in real stocks.
Over the years, Libertex has received more than 40 prestigious international awards and accolades, including “Best CFD Broker Europe” (Global Brands Magazine, 2022) and “Most Trusted Broker in Europe” (Ultimate Fintech Awards, 2021). Libertex is the official online business partner of FC Bayern and Tottenham Hotspur, bringing together the exciting worlds of football and commerce.
Since its inception in 1997, the Libertex Group has grown into a diverse group of companies, serving millions of customers from multiple countries around the world.
In Europe, the Libertex trading platform is operated by Indication Investments Ltd., a Cypriot investment firm regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with license number CIF 164/12.
Risk warning: CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 85.9% of retail investor accounts lose money when trading CFDs with this provider. Tight spreads apply. Please check our spreads on the platform. You have to ask yourself if you understand how CFDs work and if you can afford to take the high risk of losing your money.