Greetings, Pi42 traders! We’re excited to announce the listing of Arbitrum (arb) on our platform. You can now leverage Pi42 to seamlessly buy, sell, and trade arb with Indian Rupees (INR).
What is Arbitrum (Arb)?
Launched in 2021, Arbitrum is a Layer 2 scaling solution built on top of the Ethereum blockchain. It aims to address Ethereum’s scalability limitations by enabling faster and cheaper transactions while maintaining the security of the underlying Ethereum network. arb serves as the native token that powers the Arbitrum ecosystem.
Benefits of Arbitrum:
- Faster Transactions: Compared to Ethereum’s congested network, Arbitrum offers significantly faster transaction processing times.
- Lower Fees: Users can enjoy considerably lower transaction fees on the Arbitrum network compared to the Ethereum mainnet.
- Enhanced Security: Arbitrum inherits the security of the Ethereum blockchain, ensuring a secure environment for decentralized applications (dApps) built on its platform.
Trading ARB/INR on Pi42:
Excited to explore the potential of Arbitrum? Here’s a quick guide:
- Login: Access your Pi42 account.
- Navigate: Head to the trading terminal.
- Select the Pair: Choose ARB/INR from the dropdown menu.
- Define your Position: Enter the desired investment amount, select your preferred leverage (if applicable), and adjust the percentage according to minimum asset requirements.
- Set Limits (Optional): Establish Take Profit and Stop Loss orders to manage risk.
- Execute your Trade: Click Buy/Long or Sell/Short based on your market analysis.
- Track your Trade: Monitor your open positions in the “Orders and Positions” section below the trading chart.
Experience Scalable Transactions with ARB on Pi42
The addition of ARB/INR on Pi42 empowers you to participate in the burgeoning DeFi landscape built on the Arbitrum network.
Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.