Huobi Global cooperates with Arbitrum to make deposits and withdrawals
Huobi Global, one of the world’s leading digital asset exchanges, today announced a technology cooperation with Arbitrum, a market-leading optimistic stacking solution developed by Offchain Labs, aimed at enabling users to benefit from ‘a more convenient, faster and much more secure service brought by the new generation of layer two technology.
As an innovative and continuously developing exchange, Huobi Global has focused on cutting edge blockchain technology to provide users with safe and efficient services. Then the exchange wallet will support Arbitrum to allow more users to benefit from more convenient and faster transaction confirmation, as well as the lower gas costs brought by this new generation of layer two technology. Users can seamlessly experience the interaction of assets on Layer Two without having to interact with the bridging through the Ethereum backbone. Huobi Global is still undertaking technical due diligence to implement deposits and withdrawals directly in Arbitrum and plans to release more information on this in the near future.
“Arbitrum’s excellent scalability characteristics, in particular compatibility with Ethereum, give us reason to believe that the technological collaboration with Arbitrum will further optimize the user experience and promote the development of the blockchain industry,” said said Jeff Mei, director of global strategy.
Arbitrum is a scaling solution for Ethereum developed by Offchain Labs that dramatically reduces costs and latency. An optimistic cumulative, Arbitrum instantly scales applications, reducing costs and increasing capacity, without sacrificing Ethereum’s security. Porting contracts to Arbitrum does not require any code changes or downloads, as Arbitrum is fully compatible with most existing Ethereum development tools. Arbitrum has launched Arbitrum One on the Ethereum mainnet and is open to developers, with the team already working with hundreds of teams ahead of its next public release this month.
Huobi Group is a leading digital economy company with a mission to create breakthroughs in core blockchain technologies and integrate blockchain technology into other industries. By focusing on both the upstream and downstream sectors, the Huobi Group has expanded its operations with industry blockchains, public blockchains, digital asset trading, crypto and blockchain wallets, industrial research and more.
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